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 38 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 developing member countries through local currency borrowings and derivative activities.
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.