MANILA, Oct. 29 (Xinhua) -- The Asian Development Bank (ADB) on Tuesday said it issued its first biodiversity and nature theme bond to finance a pool of eligible projects across Asia and the Pacific.
Announced at the 16th Conference of the Parties of the Convention on Biological Diversity in Cali, Colombia, the bond was issued under the ADB's Theme Bonds for Sustainable Development program in coordination with its Environment Group.
The bank said the 10-year issue of approximately 100 million U.S. dollars was purchased by the Dai-ichi Life Insurance Company, Limited of Japan and arranged by Credit Agricole CIB.
The Manila-based development bank said it will soon launch its Environment Action Plan 2024-2030: Towards a Nature Positive Asia and the Pacific, which promises to create a road map for its activities to tackle climate change, biodiversity loss, and pollution. ■
