ADB sells bonds to support energy projects

ADB sold $232.2 million in Clean Energy Bonds to support its renewable energy and energy efficiency projects in Asia-Pacific.

As part of its energy policy, Asian Development Bank is targeting $2 billion a year in clean energy investments by 2013. ADB will provide assistance to clean energy projects in an amount at least equal to the amount raised by the latest bond issue.

"The healthy sale of the Clean Energy Bonds shows a clear desire among Japanese investors to see funds committed to clean energy projects that will help improve the environment but ensure sustainable growth in the region,” said Thierry de Longuemar, ADB’s Treasurer.

The bond comprises four tranches; 4-year bonds denominated in Australian dollars, 4-year and 7-year bonds in Brazilian real, and 7-year bonds in Turkish lira.

The transaction was lead managed by HSBC Securities Japan Ltd. and the bonds were distributed by more than 20 securities firms.

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