InvestorQ : Why is ADB looking at aggressive fund raising in the capital markets?
Mary Joseph made post

Why is ADB looking at aggressive fund raising in the capital markets?

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sara Kunju answered.
6 months ago
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Asian Development Bank plans to raise $30-35 billion from the capital market in 2020 after having sold $4 billion worth of 3-year global bonds. The bonds worth $4 billion were raised at a coupon rate of 0.25% with maturity date of July 14, 2023. This gives ADB enough resources to continue to provide much-needed assistance to the Asia-Pacific region.

To have a war chest ready ahead of the recovery post COVID-19, the target for 2020 has been raised to $25 billion from the capital markets. The proceeds will be part of its ordinary capital resources. The ADB is currently owned by 68 members including 49 from Asia-Pacific.

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