The New Development Bank (NDB), supported by the Brics countries, plans to issue its first bond denominated in Indian rupees in the domestic market before the end of March 2026, according to three sources familiar with the matter. The move aims to strengthen the bank’s presence in India and diversify its funding sources. This decision reflects the increasing importance of the Indian market within the Brics group. By issuing bonds in rupees, the NDB can attract local investors and enhance its financing capabilities in the country.
Brics Bank Plans First Indian Rupee-Denominated Bond by End of March, Sources Say
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