The New Development Bank, an international lender created by the BRICS group of nations, issued 8.5 billion yuan ($1.23 billion) of panda bonds in China's interbank bond market Monday to bolster financing of new projects. The issuance of the three-year notes was the bank's largest sale of panda bonds, topping a 7 billion yuan offering in May 2022. Panda bonds are yuan-dominated bonds sold by non-Chinese issuers in the China mainland market.

https://www.caixinglobal.com/2023-06-01/brics-backed-new-development-bank-issues-record-12-billion-of-panda-bonds-102060794.html

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