The New Development Bank has completed the pricing of two panda bonds.

According to an announcement from China Money Market, the New Development Bank has issued a 3-year "26 New Development Bank Bond 01A" with a face interest rate of 1.74% and an issuance amount of 6 billion RMB. It is reported that this is the largest Panda bond issued so far this year. Another announcement shows that a 5-year "26 New Development Bank Bond 01B" has a face interest rate of 1.84% and an issuance amount of 1 billion RMB.