Philippines' Asian Development Bank sells $232.2 million clean energy bonds in four tranches

By Susanna Moon

Chicago, Sept. 29 - Asian Development Bank said it sold $232.2 million of clean energy bonds in four tranches to support its renewable energy and energy efficiency projects in Asia and the Pacific.

The bank issued four-year bonds denominated in Australian dollars, four-year and seven-year bonds denominated in Brazilian reais and seven-year bonds denominated in Turkish lira.

The deal was managed by HSBC Securities (Japan) Ltd., and the bonds were distributed by more than 20 securities firms.

Asian Development Bank is an international development finance institution based in Manila.

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