ADB as a borrower

A leading triple-A borrower in the international markets, ADB raises funds regularly through international and domestic capital markets, reflecting strong credit fundamentals and conservative financial policies.

ADB’s overriding borrowing objective is to ensure availability of funds at the most stable and lowest possible cost for the benefit of its OCR borrowers. Subject to this objective, ADB seeks to diversify its sources of funding across markets, instruments, and maturities, and has so far issued bonds in 31 currencies.

ADB pursues a strategy of:

• issuing liquid benchmark bonds to maintain a strong presence in key currency bond markets; and
• raising funds through cost-efficient, opportunistic private placement transactions.

ADB also seeks to develop domestic capital markets in its DMCs through local currency borrowings and derivative activities.