The Asian Development Bank (ADB) is planning to issue its inaugural Clean Energy Bond to support its clean energy projects in Asia and the Pacific.
The Clean Energy Bond is expected to have four tranches, one each denominated in Australian dollars and Turkish lira and two tranches in Brazilian real.
According to ADB, the bond will carry tenors of between four and seven years and will be issued in September 2010.
The issuance, targeted at Japanese retail investors, will be arranged through HSBC Securities (Japan) and will be distributed nationwide by more than 20 securities firms.
ADB president Haruhiko Kuroda said clean energy is a crucial element in the fight against poverty in Asia and the Pacific.
“To put the region on a path to sustainable and inclusive economic growth, we are committed to supporting clean energy projects in the region that avoid harming people or the environment,” Kuroda said.