New Development Bank issues $1.2bln of panda bonds
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SHANGHAI - The New Development Bank issued 8.5 billion yuan ($1.23 billion) worth of panda bonds in China's interbank bond market on Monday to mobilise resources for financing sustainable development projects, the bank said in a statement. Proceeds will be used for general corporate resources and to finance infrastructure and sustainable development projects, the bank said. The issuance came on the eve of the bank's eighth annual meeting, set to take place in Shanghai on Tuesday and Wednesday...