AİB ASİYA VƏ SAKİT OKEAN REGİONUNDA ARTIMIN YAVAŞLAYACAĞINI PROQNOZLAŞDIRIR

MANILA, PHILIPPINES (10 April 2025) - The Asian Development Bank (ADB) has issued its first local currency education bond, raising 45.7 billion Mongolian togrog (approximately $13.1 million) to support an education project in Mongolia.

The 5-year Mongolian togrog-denominated bond carries a fixed coupon rate of 10%. Proceeds from the issuance will finance the construction of the country's first internationally certified green educational facility, a new annex to the Orchlon School and Kindergarten Complex LLC.

This landmark issuance reflects ADB's growing commitment to mobilize local capital for development impact. The bond, arranged by ING Bank N.V. (ING) and fully subscribed by a single European investor, reflects the amortizing nature of the loan.

"This marks our fourth issue connecting Mongolia with an international investor," says ADB Treasurer Tobias Hoschka. "We extend our gratitude to ING and the investor for their continued support towards advancing educational initiatives in emerging markets."

ADB is a leading multilateral development bank supporting sustainable, inclusive, and resilient growth across Asia and the Pacific. Working with its members and partners to solve complex challenges together, ADB harnesses innovative financial tools and strategic partnerships to transform lives, build quality infrastructure, and safeguard our planet. Founded in 1966, ADB is owned by 69 members-49 from the region.