You are here: Home » Finance » News » Banks
Business Standard

New Development Bank plans rupee, rouble bonds

NDB, more popularly known as the BRICS Bank, had earlier issued its first bonds to raise funds internationally for clean energy projects in member states

Indivjal Dhasmana  |  New Delhi 

After successfully raising 3 billion yuan-denominated bonds, Shanghai-based New Development Bank (NDB) will issue rupee- and rouble-denominated bonds, its vice-president and chief operations officer Xian Zhu said on Thursday. At a session on BRICS Business Forum here, Xian said preparations were underway and the bank had received in-principle approvals from India and Russia. “In the case of India, the signals that we got are for offshore rupee bonds.” He said the bank’s intention was to use the proceeds of the local currency to finance long-term infrastructure ...

TO READ THE FULL STORY, SUBSCRIBE NOW AT JUST Rs 149 A MONTH

Key stories on business-standard.com are available to premium subscribers only.

LOGIN

EMAIL / USER NAME
PASSWORD
REMEMBER ME Forgot password?

Not a member yet ? Resister Now

Connect using any below

  • Don't lose the opportunity of saving $26.77 per month
  • Don't lose the opportunity of saving $26.77 per month
Total Amount
Rs. 0.00
To proceed, kindly select a subscription package

WHAT YOU GET

On Business Standard Digital

  • Access your subscription from anywhere. Be it your computer, tablet or smartphone using a browser or the App, Your Choice.
  • Access to exclusive content, features, opinions and comment, hand-picked by our editors, just for you.
  • Pick your 5 favourite companies. Get all the news upates at the end of each day through E-Mail.
  • Pick the industry that you want to track. And get a daily news letter specific to that industry. Cut out the clutter.
  • And stay on top of your investments. Track stock prices in your portfolio
  • Access 18 years of archival data

On Digital

  • Seamless access to WSJ.com with your Business Standard digital account.
  • Experience the best of the Journal's reporting, video and interactive features.
  • Read about the people and events shaping business, finance, technology, politics, technology and culture.
  • Stay informed with newsletters - an easy way to get WSJ content straight to your inbox - making life easier on your busiest days.
  • More business executives read the Journal globally than any other publication.
*Note :
Our Partners are proud to be associated with this initiative and will contribute Rs 100 x 6 months thereafter, standard rate of Rs 149 will be charged.
Offer valid for Indian residents only
Requires you to share personal information like PAN, Date of Birth, and Income.
*Annual saving on WSJ subscription price of US$ 347.88 (12 months @ US$ 28.99 per month)
* 1US$ = 67.50 INR.
*Please note that this offer is not valid if you are/were a registered/existing user on WSJ Digital
RECOMMENDED FOR YOU

New Development Bank plans rupee, rouble bonds

NDB, more popularly known as the BRICS Bank, had earlier issued its first bonds to raise funds internationally for clean energy projects in member states

NDB, more popularly known as the BRICS Bank, had earlier issued its first bonds to raise funds internationally for clean energy projects in member states After successfully raising 3 billion yuan-denominated bonds, Shanghai-based New Development Bank (NDB) will issue rupee- and rouble-denominated bonds, its vice-president and chief operations officer Xian Zhu said on Thursday. At a session on BRICS Business Forum here, Xian said preparations were underway and the bank had received in-principle approvals from India and Russia. “In the case of India, the signals that we got are for offshore rupee bonds.” He said the bank’s intention was to use the proceeds of the local currency to finance long-term infrastructure ... image
Business Standard
177 22

New Development Bank plans rupee, rouble bonds

NDB, more popularly known as the BRICS Bank, had earlier issued its first bonds to raise funds internationally for clean energy projects in member states

After successfully raising 3 billion yuan-denominated bonds, Shanghai-based New Development Bank (NDB) will issue rupee- and rouble-denominated bonds, its vice-president and chief operations officer Xian Zhu said on Thursday. At a session on BRICS Business Forum here, Xian said preparations were underway and the bank had received in-principle approvals from India and Russia. “In the case of India, the signals that we got are for offshore rupee bonds.” He said the bank’s intention was to use the proceeds of the local currency to finance long-term infrastructure ...

image
Business Standard
177 22