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By Rachel Savage JOHANNESBURG (Reuters) - The development bank founded by the so-called BRICS countries closed the auction for its first South African...
The New Development Bank’s two bonds attracted 2.67 billion rand of bids in total
The development bank founded by the Brics countries closed the auction for its first South African rand bonds on Tuesday, as it comes under pressure to boost its local currency fundraising and lending. The New Development Bank’s (NDB) two bonds, a R1 billion (US$52,3 million) five year note and a R500 million three year note,…
The development bank founded by the so-called BRICS countries closed the auction for its first South African rand bonds on Tuesday, as it comes under pressure to boost its local currency fundraising... -Today at 03:31 am- MarketScreener
NDB's three year rand bond was priced at a floating rate of 95 basis points (bps) above the three month Johannesburg Interbank Average Rate (Jibar), while the five year was priced at Jibar +105 bps.