The BRICs New Development Bank, headquartered in Shanghai, said recently that it had successfully issued RMB bonds with a scale of 7 billion yuan and a maturity of three years in China's inter-bank bond market. "This is another milestone for the bank." Leslie masdorp, vice president and chief financial officer of the new development bank, said. The issuance of Panda Bonds provides financial support for the new development bank to help the high-quality and sustainable development of emerging markets and developing countries, and fully reflects the importance of China's bond market in the global financial market. Initiated by Brazil, Russia, India, China and South Africa, the new development bank aims to mobilize resources for infrastructure and sustainable development projects in emerging economies and developing countries such as BRICs countries and supplement the efforts of multilateral and regional financial institutions for global growth and development. (Xinhua News Agency)