Asian Development Bank (ADB)

After more than 20 years of delicate negotiations, a 1,800-kilometer natural gas pipeline that connects one of Central Asia’s largest energy suppliers with South Asia’s critically underserved market has come one step closer to reality, marking an unprecedented new chapter in regional relations.

ADB returned to the US dollar bond market yesterday with the pricing of a $1.25 billion 3-year global benchmark bond issue. The proceeds of the Bank’s third global bond issue of the year will form part of the bank’s ordinary capital resources and will be used in its non-concessional operations.

ADB welcomes the passing of a new Secured Transactions Act in Palau, which will make it easier for local people to conduct business in the island nation. ADB supported the drafting of the Act, which was prepared following extensive consultations.

The Asian Development Bank (ADB) has raised the equivalent of $339 million from its second sale of Clean Energy Bonds to Japanese retail investors. The bonds will support ADB’s ongoing renewable energy and energy efficiency projects in Asia and the Pacific.

A poorly lit four-lane tunnel that crosses one of Metro Manila’s key thoroughfares has been illuminated using solar technology and a public-private partnership supported by the Asian Development Bank (ADB). The sub-standard lights of the Boni Tunnel, which intersects EDSA, were replaced with solar-powered light emitting diodes or LEDs.