The Asian Development Bank (ADB) has issued its first biodiversity and nature theme bond to finance a pool of eligible projects across Asia and the Pacific.
The A$150 million (equivalent to US$100 million), 10-year issue was purchased by the Dai-ichi Life Insurance Company, Limited of Japan and arranged by Credit Agricole CIB, according to ADB press release received here. The bond was issued under ADB’s Theme Bonds for Sustainable Development program, in coordination with its Environment group, it added.
“Investing in nature is emerging as one of the most impactful ways to combat climate change, biodiversity loss, and pollution. Through ADB’s first biodiversity and nature bond, we are pleased to mobilize additional private sector capital to protect, restore and enhance sustainable management of biodiversity and nature mainstreaming,” said ADB Treasurer Tobias Hoschka.
ADB’s theme bonds for sustainable development act as a key vehicle to mobilize private capital in support of the United Nations Sustainable Development Goals and the Kunming-Montreal Global Biodiversity Framework while offering investors with a safe and attractive investment opportunity through ADB’s AAA credit rating.—APP
