Finance News

ADB raises 750 mln USD to help finance climate change mitigation in Asia-Pacific region

Source: Xinhua | 2018-09-21

The Asian Development Bank (ADB) has raised 750 million U.S. dollars to help finance climate change mitigation and adaptation projects with an issue of a 10-year green bond, the Manila-based bank said on Thursday.

"Our green bonds issued so far in 2018 have been incredibly diverse with transactions printed across currencies such as euros, Hong Kong dollars, and Swedish krona while attracting new investors to ADB's offerings," said ADB Treasurer Pierre Van Peteghem.

He said proceeds of the green bonds will support low-carbon and climate-resilient projects funded through ADB's ordinary capital resources and used in its non-concessional operations.

The ADB said the 10-year bond has an issue size of 750 million U.S. dollars, a coupon rate of 3.125 percent per annum payable semi-annually and a maturity date of Sept. 26, 2028. It was priced at 98.982 percent to yield 16.9 basis points over the 2.875 percent U.S. Treasury notes due August 2028.

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