ADB issues gender bonds in CAD, AUD

The Asian Development Bank launched back-to-back gender bonds this week with a C$750 million (around $596 million) seven-year bond in the Canadian dollar maple market, and a A$700 million (around $542 million) 4.5-year bond in the Australian dollar kangaroo market. 

The seven-year bond has a coupon of 1.5% payable semi-annually and a maturity date of 4 May, 2028. It was priced at 99.393% to yield 39.3 basis points above the Canadian government bond due 1 June, 2028. Joint lead managers are CIBC Capital Markets, RBC Capital Markets, Scotiabank, and TD Securities. 

The 4.5-year bond has a coupon of 0.8% payable semi-annually and a maturity date of 6 November, 2025. It was priced at  99.859% to yield 21.95 basis points above the Australian government bond due 21 November, 2025. Joint lead managers are Nomura, RBC Capital Markets, and TD Securities.

ADB is committed to proactively supporting gender equality through gender-inclusive project designs in at least 75% of its operations by 2030.