The Asian Development Bank (ADB) has raised Euro 600 million for supporting climate change mitigation and adaptation projects by issuing a seven-year green bond. The bond has a coupon rate of 0.35 per cent payable annually. The green bond will mature on July 16, 2025. Proceeds from this bond will be used for non-concessional operations. The transaction was managed by the Bank of America Merrill Lynch, Citi and Credit Agricole CIB. According to ADB, the green bond issue achieved a strong market share of nearly 90 per cent in Europe, the Middle East and Africa, and 10 per cent in Asia. By investor type, 39 per cent of the bonds went to central banks and official institutions, 12 per cent to banks, and 48 per cent to fund managers, insurance, pension funds and others.