By Manoj Kumar and Rajesh Kumar SinghNEW DELHI (Reuters) - The New Development Bank set up by the BRICS group of major emerging economies plans to raise up to $500 million via rupee-denominated masala bonds in the second half of the year, the bank's president, K.V. Kamath, said on Thursday.The BRICS - Brazil, Russia, India, China and South Africa - agreed to create the infrastructure-focussed lender in July 2014 as an alternative to the World Bank. The bank was officially launched a year later.The offering comes after the bank sold three billion in yuan-denominated green bonds ($435.5 ...
Gold slips on firmer dollar; political uncertainty supports
U.S. debt to reach 150 percent of GDP in 30 years - CBO
BRICS development bank to issue up to $500 million in masala bonds
Reuters |
First Published: Thu, March 30 2017. 20:11 IST
This article is no longer available in our repository.
There could be multiple reasons for this.
You could try searching for this headline on the source website (reuters.com).