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ADB as a Borrower
Local Currency Issues
Local Currency IssuesADB is committed to promoting domestic capital markets development in its developing members by issuing bonds on local markets and through other initiatives.
ADB has a long history of innovation in this area. In 1970, it was the debut foreign issuer in the Japanese yen (or Samurai) market. Since then, ADB has been a regular issuer in Asian capital markets. ADB was also the first supranational issuer in the domestic capital markets of Australia, People's Republic of China, India, Korea, Malaysia, Philippines, Taipei,China, and Thailand. As part of its developmental mandate, ADB contributes to the development of regional bond markets through local currency bond issuances. To promote capital market development in the Asia and Pacific region, ADB established in April 2006 a 15-year Malaysian ringgit (MYR) 3.8 billion Medium-Term Note Programme (MYRMTN Program) in Malaysia. ADB simultaneously launched the inaugural offering of MYR500 million notes under the MYRMTN Program. In September 2006, ADB established its 30-year US$10 billion equivalent Asian Currency Note Programme (ACNP), and launched the inaugural offering of notes under the ACNP in the domestic capital markets of Singapore and Hong Kong, China. Total issuance under ACNP is SGD550 million and HKD2.5 billion. Up to now five local currencies has joined the ACNP: Singapore dollar, Hong Kong dollar, Malaysian ringgit, Philippine peso and New Taiwan dollar. ADB continues to engage other members to join the ACNP. Besides bond issuances, ADB raised funds through cross-currency swaps to fund local currency needs. List of Recent Local Currency Borrowings
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| Currency | Issue Date | Maturity Date | Principal Amount | Coupon % | Reference | |
| Philippine peso | 24-May-07 | 25-May-12 | PHP | 5,000,000,000 | 5.230 | 0557-000 |
| Hong Kong dollar | 18-Jan-07 | 18-Jan-12 | HK$ | 1,500,000,000 | 4.000 | 0514-000 |
| Singapore dollar | 8-Feb-07 | 8-Feb-12 | SGD | 250,000,000 | 3.270 | 0519-000 |
| Malaysian ringgit | 8-Feb-07 | 8-Feb-17 | MYR | 500,000,000 | 4.000 | 0517-000 |
| Hong Kong dollar | 21-Sep-06 | 21-Sep-09 | HK$ | 1,000,000,000 | 4.280 | 0495-000 |
| Singapore dollar | 18-Sep-06 | 18-Sep-11 | SGD | 300,000,000 | 3.335 | 0494-000 |
| Thai baht | 18-Sep-06 | 18-Sep-11 | THB | 5,500,000,000 | 5.340 | 0493-000 |
| Thai baht | 18-Sep-06 | 18-Sep-16 | THB | 1,000,000,000 | 5.540 | 0493-001 |
| Malaysian ringgit | 25-Apr-06 | 24-Apr-11 | MYR | 500,000,000 | 4.265 | 0473-000 |
| Philippine peso | 09-Nov-05 | 10-Nov-10 | PHP | 2,500,000,000 | 0.000 | 0453-000 |
| Renminbi | 14-Oct-05 | 14-Oct-15 | RMB | 1,000,000,000 | 3.340 | 0445-000 |
| Thai baht | 24-May-05 | 24-May-10 | THB | 4,000,000,000 | 3.870 | 0414-000 |
| Malaysian ringgit | 10-Nov-04 | 10-Nov-09 | MYR | 400,000,000 | 3.940 | 0399-000 |
| Indian rupee | 27-Feb-04 | 27-Feb-14 | INR | 5,000,000,000 | 5.400 | 0385-000 |