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    Home > Chemicals Industry > International Chemical > The Asian Development Bank issues a 10-year green bond of US$750 million

    The Asian Development Bank issues a 10-year green bond of US$750 million

    • Last Update: 2022-12-28
    • Source: Internet
    • Author: User
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    The Asian Development Bank (ADB) today released a US$750 million 10-year global green bond to raise funds to support climate change mitigation and adaptation projects
    in Asia and the Pacific.

    The bond matures on September 26, 2028 with a semi-annual yield of 3.
    125% and is priced at 98.
    982%, 16.
    9 basis points
    higher than the 2.
    875% Treasury yield due in August 2028.
    Bank of America Merrill Lynch, Citi and HSBC will execute the transaction
    .

    Banks buy 31 percent of bonds, insurance and pension funds 25 percent, central banks and official institutions 24 percent, and fund managers 20 percent
    .
    In terms of geographical distribution, 46% are sold in EMEA, 28% in the Americas and 26% in Asia
    .

    In 2015, ADB pledged to double its annual climate finance to $6 billion by 2020, or about 30 percent
    of its overall financing.
    This figure will include $4 billion in financing for climate change mitigation by supporting renewable energy, energy efficiency, sustainable transportation and building smart cities, as well as $2 billion in financing for adaptation projects
    .

    The Asian Development Bank (ADB) today released a US$750 million 10-year global green bond to raise funds to support climate change mitigation and adaptation projects
    in Asia and the Pacific.

    Green bonds

    The bond matures on September 26, 2028 with a semi-annual yield of 3.
    125% and is priced at 98.
    982%, 16.
    9 basis points
    higher than the 2.
    875% Treasury yield due in August 2028.
    Bank of America Merrill Lynch, Citi and HSBC will execute the transaction
    .

    Banks buy 31 percent of bonds, insurance and pension funds 25 percent, central banks and official institutions 24 percent, and fund managers 20 percent
    .
    In terms of geographical distribution, 46% are sold in EMEA, 28% in the Americas and 26% in Asia
    .

    In 2015, ADB pledged to double its annual climate finance to $6 billion by 2020, or about 30 percent
    of its overall financing.
    This figure will include $4 billion in financing for climate change mitigation by supporting renewable energy, energy efficiency, sustainable transportation and building smart cities, as well as $2 billion in financing for adaptation projects
    .

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