ADB sells first Kangaroo and Maple gender bonds

adobestock_equality boardroom_575x375_Apr21
By Burhan Khadbai
22 Apr 2021

The Asian Development Bank this week sold its first gender bonds in Canadian and Australian dollars as part of what the borrower describes as its commitment to supporting projects that promote gender equality and women’s leadership.

ADB raised C$750m ($599m) with a seven year maple bond due in May 2028 that paid a spread of 29.3bp over the June 2028 Canadian government bond. CIBC Capital Markets, RBC Capital Markets, Scotiabank and TD Securities were the lead managers.

Meanwhile, the supranational raised ...

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