ADB focuses on projects that help promote private investments in the region that will have significant development impact and will lead to accelerated, sustainable, and inclusive growth.
ADB carries out preliminary fact finding on the project and the sponsors using the information provided by the sponsors.
A project team from ADB conducts due diligence on the project, including a visit to the project site, offices of the sponsors, relevant government agencies and any proposed co-financiers.
During due diligence, the ADB project team discusses and negotiates the terms and conditions of ADB assistance.
The project team prepares the appraisal report and other internal documentation, for presentation to the Investment Committee for the Final Review.
Following endorsement from the Investment Committee, the proposed ADB assistance is presented to the ADB Board of Directors.
Following Board approval, the documentation for project is finalized and signed.
Green bonds are an increasingly viable option for investors in Asia, like pension and superannuation funds, looking to get involved in green sustainable financing.
This project involves a $70 million loan from ADB with $19.25 million Clean Technology Fund (CTF) concessional financing and a $20 million parallel loan funded through Leading Asia's Private Sector Infrastructure (LEAP) Fund.
ADB will provide a $62.5 million yuan loan to Inner Mongolia Saikexing Breeding and Biotechnology Group (SKX) and will act as the lender of record for the participation of selected commercial banks of up to $62.5 million equivalent in yuan.