Tuesday, 12 July 2016

BRICS bank to issue $448 million of yuan green bonds

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  • The New Development Bank (NDB) of the BRICS countries, including India announced plans to issue green bonds in Chinese yuan to raise funds for clean energy and infrastructure projects
  • The bank plans to issue 3 billion yuan worth of five-year bonds denominated in Chinese currency on July 18 also bond proceeds will be used to finance green projects in BRICS Nations

    Important Question for Competitive Exam from this Current Affairs:
    1. BRICS bank to issue $_______ million of yuan green bonds: a)448 b)450 c)625 d)525
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