Asian Development Bank Sells $339M In Clean Energy Bonds

Law360, New York (May 16, 2012, 5:54 PM EDT) -- Japanese retail investors have bought $339 million in clean energy bonds from the Asian Development Bank, fueling support for a growing pipeline of climate-friendly projects in the region, the bank said Wednesday.

Nomura International PLC ran the sale for the bonds, which mature in 2015 and 2016 and were denominated in Turkish lira, Brazilian real and Australian dollars.

The bonds will help finance new wind and solar plants and energy efficiency projects across Asia, which is home to the world's biggest polluter — China — and...
To view the full article, register now.