BRICS bank issues RMB green bonds

The New Development Bank announced on Tuesday that it has successfully completed its first green financial bond issuance of 3 billion yuan ($448 million), with a five-year term and interest rate of 3.07 percent - the first of its kind issued by an international financial institution.

The yuan-denominated bond was issued on the China Interbank Bond Market.

The total subscription for NBD's first bond reached more than 9 billion yuan - a cover ratio of 3.1. More than 30 investors took part in the bidding, showing wide interest in the financial product.