The Asian Development Bank (ADB) was established in 1966 and is headquartered in Manila, Philippines. Its primary purpose is to promote social and economic development in the Asia-Pacific region. ADB provides a range of financial products and services, including loans, grants, advisory services, and technical assistance to its member countries.
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ADB has been a significant issuer of bonds in the international capital markets since its first bond issuance in 2004. The bank's bonds, known for their strong credit quality and competitive yields, often finance infrastructure projects and sustainable development initiatives. Notably, ADB issued a $1 billion bond linked to the COVID-19 response in 2020, demonstrating its commitment to addressing urgent regional challenges. Current yields on ADB bonds generally align with or are slightly lower than benchmarks for similar credit-rated issuances, ensuring their attractiveness to retail investors seeking a robust investment option.