ADB hopes Asian issuers will follow green bond path

Author: Ashley Lee | Published: 25 Mar 2015

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 region.

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...