Asian Development Bank (ADB)
priced its first green bond last week in a move that is
expected to boost the asset class in the region.
Green bonds have been discussed often in the
Asia-Pacific, but have yet to take off as an asset class in the
ADB’s is only the third green bond
sold from an Asia ex-Australia issuer; the other two were
issued by the Korea Export-Import Bank in 2013 and Taiwanese
company Advanced Semiconductor Engineering in 2014.
But market participants are hoping to see more offerings.
"With growing awareness of the importance of...