BAKU, Azerbaijan, March 31. The Asian
Development Bank (ADB) has issued its largest-ever Panda Bond,
raising CNY8.3 billion (approximately $1.15 billion) through a
three-year issuance, Trend reports via the ADB.
The bonds, carrying a 1.81% coupon, were issued on March 17,
2025, and mark ADB’s largest local currency bond to date.
The issuance was met with strong demand from both domestic and
international investors, highlighting confidence in ADB’s financial
strength and commitment to sustainable development.
“We are delighted with the successful issuance of our latest
Panda Bonds,” said ADB Treasurer Tobias Hoschka. “This achievement
underscores the robust demand for high-quality, sustainable
investment opportunities in the Chinese bond market. The proceeds
from this issuance will be instrumental in advancing our mission to
foster economic growth and reduce poverty in the region.”
The funds raised will be used to support development projects
for both sovereign and private sector borrowers across Asia and the
Pacific. This latest issuance aligns with ADB’s strategy to
diversify its funding sources and leverage local currency markets
to finance inclusive and sustainable development initiatives.
