ADB raised $1.25 billion to help finance climate change mitigation and adaptation projects

The Asian Development Bank (ADB) has raised $1.25 billion to help finance climate change mitigation and adaptation projects. This has been collected through the issue of two types of green bonds – a five-year bond with an issue size of $750 million, a coupon rate of 1.875 per cent per annum payable semi-annually and maturity date of August 10, 2022; and a 10-year bond with an issue size of $500 million, a coupon rate of 2.375 per cent per annum payable semi-annually and maturity date of August 10, 2027. The proceeds from the green bonds will support low-carbon and climate-resilient projects funded through ADB’s ordinary capital resources and used in its non-concessional operations.