A leading triple-A borrower, ADB raises funds regularly through bond issues in international and domestic capital markets, reflecting strong credit fundamentals and conservative financial policies.
This issue covers sustainable development challenges in Asia and the Pacific, ADB's strategies for addressing these challenges, and the role that theme bonds play in supporting sustainable development initiatives.
ADB has issued its third bond denominated in Mongolian togrog (MNT). The MNT13.7 billion (about $4 million) 3-year gender bond pays a fixed coupon of 11.25% semi-annually.
The ADB Investor Presentation provides an overview of the Asian Development Bank, its operations, and other information relevant to prospective investors.
ADB Assistant Treasurer Jonathan Grosvenor shares ADB’s plans for issuing local currency bonds in its developing member countries, and how this can help promote local capital market development.
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 47 currencies.
ADB pursues a strategy of:
ADB also seeks to develop domestic capital markets in its developing member countries through local currency borrowings and derivative activities.
ADB's borrowing proceeds finance Ordinary Capital Resources operations, including development projects and programs within its developing members with the aim of reducing poverty in Asia and the Pacific region.
ADB's capital structure provides the greatest levels of security for fixed income investors, as a result of strong governance and conservative financial management, supported by a strong balance sheet, and backed by sovereign shareholders.
Green bonds include investments that support climate change mitigation and adaptation. Blue bonds include investments that contribute to marine and coastal ecosystem management and restoration, pollution control for marine and coastal environments, and sustainable coastal and marine development.
ADB launched its first theme bond for sustainable development in 2010. The projects funded by theme bonds are aligned with the Sustainable Development Goals adopted by the United Nations on quality education, gender equality, clean water and sanitation, and good health.
*ADB estimates based on World Bank's PovcalNet database, as of March 2020
Queries related to ADB's activities in the capital markets may be addressed to:
Asian Development Bank
6 ADB Avenue, Mandaluyong City, 1550
Metro Manila, Philippines