ADB’s debut water bond lacks liquidity
- From: Vol 11, Issue 4 (April 2010)
- Category: General
- Region: Asia
- Country: Japan
- Related Companies: Asian Development Bank
A new bond issue from the Asian Development Bank does not necessarily mean extra funding for the water sector. Is it a case of nomen non est omen?
The Asian Development Bank has completed its first ever issue of ‘water bonds’, raising the equivalent of $640 million through a two-tranche deal targeted at Japanese retail investors.
The deal, which emerged in the middle of the envisaged size range, was designed to raise the profile of the sizeable investment needs faced by the Asian water sector, and followed a ...
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