The World Bank is the first entity to receive approval to issue bonds backed by the International Monetary Fund’s special drawing rights reserve asset in China. The bonds will be denominated in yuan and supported by the IMF's special drawing rights. Issue volume is about 2 billion SDR (about 2.8 billion dollars). Exact terms of the bond issue and its conditions will depend on market conditions at the time of release.

 

 

 

Photo: en.xinfinance.com

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