MANILA, PHILIPPINES - The Asian Development Bank (ADB) (rated Aaa/AAA) and Daiwa Securities Group announced today ADB's planned issuance of its inaugural Water Bond to finance its work in the water sector in Asia and the Pacific.

The Water Bond is expected to have two tranches, denominated in Australian dollars and South African rand, and be issued in April. ADB will provide assistance in an amount at least equal to the net proceeds of the notes to water-related projects in Asia and the Pacific.

Read the full news release.