New Development Bank raises 79mln to fund infra projects in South Africa

New Development Bank raises 79mln to fund infra projects in South Africa

New Development Bank (NDB), a multilateral development bank established by Brazil, Russia, India, China and South Africa (BRICS), has raised 1.5 billion South African rands ($78.82 million) via its debut “ZAR bond issuance” to fund infrastructure and sustainable projects in the African nation. The order book crossed over ZAR2.5 billion…Read More

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