market-report

ADB issues Water Bonds, mulling climate bonds

Now the Asian Development Bank (ADB) is getting with the "themed" bonds rhythm: they're marketing Water Bonds to finance its work in the AsiaPac water sector. Daiwa Securities is lead manager; bonds will be issued in Australian dollars and South African rand.

While bond finance for water infrastructure is commonly sought in developed countries, it's rare in emerging nations.

Nomura selling Nordic IB enviro bonds

Nomura Securities Co. has announced that it will start selling environment-related bonds issued by Nordic Investment Bank on January 22.

Nordic's three-year bonds will be available in the New Zealand dollar and South African rand, with funds expected to be applied to loans for renewable energy and many other environmental projects.

Japanese media are referring to the bonds as "green bonds", a sign of local interest in such issues.