ADB Launches First Clean Energy Bond
1 September 2010: The Asian Development Bank (ADB) has launched its first Clean Energy Bond, targeted at Japanese retail investors, to support clean energy projects in Asia and the Pacific.
The Clean Energy Bond is expected to have four tranches, one denominated in Australian dollars, one in Turkish lira and two tranches in Brazilian real. The planned bond issue follows the successful sale in April of ADB's inaugural Water Bond, which is supporting the ADB's work in the water sector in Asia and the Pacific. Through its clean energy programme, the ADB intends to help the region meet its energy security needs, facilitate a shift to a low-carbon economy, and ensure access to energy for all in the region. The ADB will provide assistance to clean energy projects in an amount at least equal to the amount raised by the Clean Energy Bond. [ADB Press Release]