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ADB issues 1st biodiversity bond
Aya El Sayed Published in Amwal Al Ghad on 29 - 10 - 2024

The Asian Development Bank (ADB) issued its first biodiversity and nature-themed bond, securing A$150 million (US$100 million) to fund projects in Asia and the Pacific that support biodiversity protection and sustainable nature management.
The 10-year bond was purchased by Japan's Dai-ichi Life Insurance Company and arranged by Credit Agricole CIB as part of ADB's Theme Bonds for Sustainable Development program.
ADB Treasurer Tobias Hoschka highlighted the importance of "mobilising private capital to combat climate change, biodiversity loss, and pollution," while Dai-ichi Life's Kazuyuki Shigemoto praised the bond's focus on nature-based solutions and community support.
This issuance aligns with ADB's commitment to the UN Sustainable Development Goals and the Kunming-Montreal Global Biodiversity Framework, reinforcing ADB's role in sustainable finance and biodiversity.
Attribution: The Asian Development Bank (ADB)
Subediting: M. S. Salama

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