Commentary & Deal Flow

The Asian Development Bank (ADB), rated Aaa (stable) / AAA (stable) / AAA (stable) by Moody’s/S&P/Fitch, has mandated BNP Paribas, Credit Agricole CIB, Deutsche Bank and J.P. Morgan to lead manage a new 7-year EUR fixed rate benchmark Green Bond. The proceeds of the bond will be used in accordance with ADB’s Green and Blue Bond framework.

The transaction is expected to be launched and priced in the near future subject to market conditions.

• Target Market: Manufacturer target market (EU MiFID II product governance and UK MiFIR product governance) is eligible counterparties and professional clients (all distribution channels).
• Stabilization: FCA/ICMA stabilization.
• ADB’s Green and Blue Bond Framework: https://www.adb.org/sites/default/files/publication/731026/adb-green-blue-bond-framework.pdf
• ADB’s Green and Blue Bond Second Opinion: https://www.adb.org/sites/default/files/related/366261/cicero-shades-spo-adb-20210810.pdf
• ADB’s Green and Blue Bond Impact Report: https://data.adb.org/dataset/green-and-blue-bond-impact-report
• ADB’s Green Bond Eligible Projects: https://www.adb.org/sites/default/files/page/149831/adb-green-bonds-eligible-projects-20260331-updated.pdf