ADB places bonds to finance projects in water supply

ADB places bonds to finance projects in water supply

Azerbaijan, Baku, Jan. 27 / Trend N. Ismayilova /

The Asian Development Bank (ADB) is selling its second Water Bond to Japanese investors to help finance its work in the water sector, the bank said today.

The Water Bond, denominated in Turkish lira, will be issued in February.

The TL 474.5 million bond, maturing on February 26, 2015, will pay an annual coupon of 6.29 percent.The issue is being arranged by Daiwa Securities Capital Markets Co. Ltd, ADB will provide assistance in an amount at least equal to the net proceeds of the bond to water-related projects in the region, such as new water supply systems in urban areas, major rehabilitation of existing irrigation systems, and investment in wastewater management.

"Demand for water from households and industry in Asia is soaring and is forecast to grow at ranges from 70 percent to 345 percent between 1995 and 2025," the message said. "Despite large investments in water systems since the 1980s, supply is still inadequate. About 750 million people in rural areas in Asia and another 100 million in urban areas have no access to safe drinking water. More than two billion people don't have adequate sanitation."

Water is a key component of ADB's long-term strategy to reduce poverty in the region and its lending in the sector is targeted at more than $6.6 billion in 2012 and 2013.

ADB issued its first Water Bonds in April 2010, raising a total of $638 million. ADB has also sold $244 million in Clean Energy bonds where equivalent proceeds are dedicated to clean energy investments in Asia and the Pacific.

Through its ordinary capital resources, ADB disbursed just over $750 million to 82 water-related projects in 2010 and $715 million to 93 projects in 2011.

Subscribe to Trend in Google News! Subscribe
Value of Azerbaijan's export to Turkmenistan up for 10M2021
Value of Azerbaijan's export to Turkmenistan up for 10M2021
First harvest gathered in mushroom greenhouse in Turkmenistan’s Mary region
First harvest gathered in mushroom greenhouse in Turkmenistan’s Mary region
Turkmenistan becomes top oil exporter to Georgia
Turkmenistan becomes top oil exporter to Georgia
Loading Bars
Latest
Armenian troops shoot at Azerbaijani military positions in Kalbajar
Azerbaijan's activities in energy sector - commendable, says Iranian minister
Azerbaijan shares data on number of vaccinated citizens
Azerbaijan confirms 1,210 more COVID-19 cases, 1,853 recoveries
US-led global release of strategic petroleum reserves may accelerate oversupply
Initial acquaintance with minefields maps provided by Armenia creates impression of inaccuracy – ANAMA
Main goal of Google Pay - to ease payment possibility for users, says head of operations strategy
Azerbaijan shares data on oil export to Switzerland for 10M2021
Azerbaijan discloses oil exports to Greece over 10M2021
bp says delivery of final major equipment packages for ACE complete
bp talks latest progress in ACE platform construction
Georgia shows positive growth in tourism revenue recovery – TBC Capital
Russia begins sea trials of 'Peter the Great' cruise ship - Astrakhan governor
Iran sees increase in volume of cargo loaded/unloaded in Genaveh port
Azericard looks to expand innovative payment tools in Azerbaijan
Uzbekistan reveals main countries in terms of imports for 10M2021
Several wheat varieties sown in Azerbaijan's liberated lands (PHOTO)
Central Bank of Azerbaijan plans to develop standards to support open banking technologies in 2022
Azerbaijan, Russia’s Astrakhan to co-op in dev’t of North-South transport corridor – Astrakhan governor
Central Bank of Azerbaijan unveils five main directions of digital payment development strategy
S&P Global Ratings announces Uzbek Ravnaq-bank's credit rating
China's Venus Medtech buys Israeli co Cardiovalve
Central Bank of Azerbaijan to develop document on conceptual approach to digital currency creation in 2022
Uzbekistan names leading countries in terms of exports in 10M2021
National Bank of Georgia reduces mortgage loans term
Iran reveals COVID-19 data for December 8
Tesla sold 52,859 China-made vehicles in November
Azerbaijan developing new training programs for qualified workers - minister
UAE to allow establishment of acquisition companies
MasterCard eyes expanding non-cash payment opportunities for public transport in Azerbaijani regions
Light Industry Development Project in Georgia getting support from USAID
Azerbaijani Ombudsman talks about measures on Armenia's execution of decision of Int'l Court of Justice
IRICA shares data on Iran’s steel, iron products export
Azerbaijan, Iran discuss issue on construction of bridge and pedestrian crossing over Astarachay River
Social Democrat Olaf Scholz elected as German chancellor
Iran to launch new power units for TPPs
Lithuanian BS/2 to expand its business in Azerbaijan
Eurasian petroleum production to continue positive trend by 2022
Cargo transportation via Iran's Urmia International Airport increases
Kazakhstan, Kyrgyzstan to build industrial trade and logistics complex on border
Europe to see increase in petroleum, other liquids output
MasterCard implements projects to expand contactless, non-cash payments in Azerbaijan
Azerbaijan researching to create digital manat
Russian S7 Airlines launches regular flights to Uzbekistan
Azerbaijan assigns payments to 20,000 families of martyrs in 2021 - minister
National Bank of Georgia tightens monetary policy rate
Personal exhibition of Brazilian street artist to open at Azerbaijan's Heydar Aliyev Center
Iran working to increase amount of solar panels installed on rooftops
Azerbaijan to file two lawsuits against Armenia in 2022 – MFA
Azerbaijani, Turkish FMs hold phone talk
Int'l Court of Justice rejected Armenia's petition on War Trophy Park - Azerbaijani MFA
Activities in Iran’s Jask Port down
Azerbaijan's SMBDA eyes creating alternative source of lending to SME entrepreneurs
Azerbaijan's SMEs have wide access to cashless solutions – SMBDA
Proposal made to exempt from taxes import of goods for mine clearance to Azerbaijan
Transition to open, digital banking envisaged in Azerbaijan in next five years – CBA (PHOTO)
Kazakhstan forecasts unchanged volume of oil production in 2022
Azerbaijan’s Central Bank takes measures to ensure high level dev’t of non-cash payments (Exclusive)
Azerbaijan Banks Association projects share of non-cash payments in total turnover by 2025
Iran’s NICICO boosts copper production
Intel plans Mobileye flotation at over $50b valuation
Kazakhstan’s Pavlodar Oil Chemistry Refinery opens tender to buy pipes
TBC Capital shares outlook on Georgia’s tourism recovery
Azerbaijan openly calls on Armenia to prevent confrontation – deputy FM
International Court of Justice recommended Armenia to resolve border demarcation issue - Azerbaijan's MFA
Azerbaijan’s MFA talks Yerevan's claims on detained persons of Armenian origin
Azerbaijani minister talks current problems in local labor market
Azerbaijan’s liberated territories have great potential for employment – minister
Georgia’s textile imports from Turkey increase
Azerbaijan suffered from equal treatment of aggressor and victim - MFA
Iran records increase in transit of goods via trucks through its territory
Azerbaijan working on several youth development projects - Minister of Youth and Sports
Possible opening of cruise line between Azerbaijan, Russia has high potential - Astrakhan governor
Azerbaijan sees increase in concluded labor contracts over past four years - minister
Azerbaijan’s Central Bank talks increase in non-cash payments (PHOTO)
Azerbaijan to be fully covered by internet by late 2024 - deputy minister
Georgia releases COVID-19 data for December 8
Developing contactless payments to help further digitalize Azerbaijan's economy - VISA
Azerbaijan talks progress of tunnel road building between Goygol, liberated Kalbajar districts
Azerbaijani oil prices increase
Baku holds Azerbaijan Career Development Forum (PHOTO)
Business centers of Azerbaijan, Russia’s Astrakhan sign memorandum of co-op (PHOTO)
Baku port transports goods in transit mainly to Central Asia, Europe – head of main cargo terminal
Kazakhstan eyes increasing requirements for commodity exchanges
Georgia launches energy reform program, backed by KfW, EU
Uzbekistan shares domestic COVID-19 data for December 7
Iranian currency rates for December 8
Oil prices ease as investors wait for assessment of Omicron's impact
EIA revises down forecasts for Azerbaijan’s 2022 petroleum production
Azerbaijan to commission new enterprises for production of sulfuric acid and glass containers
MFA issues statement on 30th anniversary of Azerbaijan's membership in OIC
Iran's Energy Exchange announces products to be on sale on Dec. 8
OSCE Minsk Group Co-Chair countries release statement
Gunmen torch bus, kill 30 passengers in Nigeria's Sokoto state
Azerbaijan’s Central Bank talks dev’t strategy for securities market until 2023
Pfizer Shot Provides Partial Omicron Shield in Early Study
Australia joins diplomatic boycott of Beijing Winter Games
704 new COVID-19 cases reported in Kazakhstan
France reports record daily COVID-19 count
U.S. Senate backs $650 million missile sale to Saudi Arabia
All news