ADB Announces Sale of Clean Energy Bonds
16 May 2012: The Asian Development Bank (ADB) has announced that it has raised the equivalent of US$339 million from its second sale of Clean Energy Bonds to Japanese retail investors. The bonds are intended to support ADB's ongoing renewable energy and energy efficiency projects in Asia and the Pacific.
According to the ADB, the bond sale comprised A$15.3 million in 4-year paper, BRL147 million in 3-year bonds, and TRY452 million in 3-year bonds. The ADB will dedicate the equivalent proceeds of the Australian dollar, Brazilian real, and Turkish lira bonds to clean energy projects that ADB finances in developing Asia. ADB says in 2011 it invested $2.1 billion in a variety of clean energy projects, and within that, renewable energy investments amounted to $1.18 billion, with energy efficiency projects accounting for the remainder. [ADB Press Release]