NEW DELHI, INDIA : The Asian Development Bank (ADB) and Fourth Partner Energy Private Limited (Fourth Partner) signed a long-term loan of up to 1.2 billion Indian rupees (about $14.7 million) to construct and operate a 25-megawatt solar photovoltaic-based power plant to increase clean and low-cost energy supply to commercial and industrial customers. The power […]
ADB Sells $4 Billion 5-Year Global Benchmark Bonds – EQ Mag
MANILA, PHILIPPINES : The Asian Development Bank (ADB) yesterday priced a $4 billion 5-year global bond, proceeds of which will be part of ADB’s ordinary capital resources. The 5-year bond, with a coupon rate of 4.50% per annum payable semi-annually and a maturity date of 25 August 2028, was priced at 99.961% to yield 14.60 […]
ADB Appoints New Country Director for Timor-Leste – EQ Mag
MANILA, PHILIPPINES : The Asian Development Bank (ADB) has appointed Stefania Dina as Country Director for Timor-Leste. Ms. Dina will lead ADB operations in Timor-Leste, including the implementation of the country partnership strategy (CPS) covering 2023–2027, which aims to support the country in expanding climate-resilient infrastructure and basic services and strengthening the efforts to diversify […]
ADB Appoints Shannon Cowlin as Country Director in Mongolia – EQ Mag
ULAANBAATAR, MONGOLIA : The Asian Development Bank (ADB) has appointed Shannon Cowlin as its new Country Director for Mongolia. Ms. Cowlin will oversee ADB’s operations in Mongolia, including the implementation of the country partnership strategy (CPS) covering 2021–2024 to help the country continue to recover from the COVID-19 pandemic and lay resilient foundations for inclusive […]
ADB, Georgia Capital Partner to Issue Sustainability-Linked Bond, Largest of its Kind in Region – EQ Mag
TBILISI, GEORGIA : The Asian Development Bank (ADB) and Joint Stock Company Georgia Capital (GCAP) partnered to issue GCAP’s inaugural sustainability-linked bond. As a strategic investor, ADB provided foundational support to adopt this innovative instrument. This is ADB’s first subscription to a private sector sustainability-linked bond. GCAP’s total issuance of $150 million with a 5-year […]
ADB Mobilizes $261 Million for New Expressway in Bangladesh – EQ Mag
DHAKA, BANGLADESH : The Asian Development Bank (ADB), as a transaction advisor for the Government of Bangladesh’s Rampura Amulia Demra Expressway public–private partnership (PPP) project, has mobilized $261 million of private sector capital for a four-lane, 13.5 kilometer expressway that will ease traffic congestion and provide better connectivity between the capital Dhaka and other major […]
ADB Appoints Said Zaidansyah as Papua New Guinea Country Director – EQ Mag
PORT MORESBY, PAPUA NEW GUINEA : The Asian Development Bank (ADB) has appointed Said Zaidansyah as the Country Director for Papua New Guinea (PNG). Mr. Zaidansyah, who assumes office today, will oversee ADB’s country partnership strategy for PNG and wider engagement in the country. “Working with the Government of Papua New Guinea, we are committed […]
ADB Appoints New Regional Director for Singapore Office – EQ Mag
SINGAPORE : The Asian Development Bank (ADB) has appointed Jackie Surtani as Regional Director of its Singapore Office, where he will lead efforts to deepen cooperation between ADB and the Government of Singapore and the financial sector, as well as explore opportunities for private and public sector projects across the region with a strong focus […]
ADB Appoints New Country Director for Kyrgyz Republic – EQ Mag
BISHKEK, KYRGYZ REPUBLIC : The Asian Development Bank (ADB) has appointed Zheng Wu as its new Country Director for the Kyrgyz Republic. Mr. Wu assumed office today. Mr. Wu will lead ADB’s operations in the Kyrgyz Republic and continue to manage the bank’s relationship with the government and other stakeholders. He will oversee the implementation […]
ADB Approves $40 Million Loan for Key Reforms in Service Delivery in Cambodia – EQ Mag
MANILA, PHILIPPINES : The Asian Development Bank (ADB) has approved a $40 million policy-based loan to support the Government of Cambodia’s efforts to further enhance public service delivery by local administrations through a series of reforms in public finance and decentralization. This second and last subprogram loan under the Second Decentralized Public Service and Financial […]