ADB as a Borrower
A leading triple-A borrower, ADB raises funds regularly through international capital markets.
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 35 currencies.
ADB pursues a strategy of:
- issuing liquid benchmark bonds to maintain a strong presence in key currency bond markets; and
- raising funds through bonds issued in both public and private placement format in various currency markets.
ADB also seeks to develop domestic capital markets in its DMCs through local currency borrowings and derivative activities.