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First Biodiversity and Nature Bond
November 19 , 2024
23 hrs 0 min
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- The Asian Development Bank (ADB) has issued its first biodiversity and nature theme bond.
- It aims 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, of Japan.
- ADB is a founding partner of the Coral Triangle Initiative established in 2009.
- In 2023, ADB launched the Nature Solutions Finance Hub along with partners, as well as the Natural Capital Fund, in partnership with the Global Environment Facility.
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