The NDB aims to lift local currency lending, most of which has so far been in the Chinese yuan, from about 22% to 30% by 2026
The development bank founded by the Brics countries closed the auction for its first rand bonds on Tuesday, as it comes under pressure to boost its local currency fundraising and lending.
The SA bond market has struggled in recent years to attract new issuers to match growing demand by domestic investors looking for high-quality credit assets.
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