Manila, Philippines (31 March 2025 News Release) — The Asian Development Bank (ADB) successfully issued an 8.3 billion yuan (approximately $1.15 billion) three-year panda bond on 17 March 2025, with a coupon rate of 1.81%. This marks ADB’s largest panda bond issuance to date, raising substantial funds to support development projects for sovereign and private sector borrowers.

For ADB, this issuance represents a significant milestone—not only is it the largest panda bond in 2025, but it is also the largest local currency bond ever issued by the Bank. The bond was well received by a diverse range of domestic and international investors, reflecting strong confidence in ADB’s commitment to sustainable development.

“We are very pleased with the recent successful panda bond issuance,” said ADB Treasurer Tobias Hoschka. “This achievement highlights the robust demand in China’s bond market for high-quality, sustainable investment opportunities. The funds raised will help advance our mission of fostering economic growth and reducing poverty in the region.”

This panda bond issuance is part of ADB’s ongoing efforts to diversify its funding sources and tap into the growing local currency capital pools in Asia and the Pacific. The proceeds will be used to finance a range of projects aimed at promoting inclusive and sustainable development in ADB’s member economies.

ADB is a key multilateral development bank dedicated to fostering sustainable, inclusive, and resilient growth across Asia and the Pacific. Working with its members and partners, ADB tackles complex challenges by leveraging innovative financing tools and strategic collaborations to improve lives, build high-quality infrastructure, and protect the planet. Established in 1966, ADB now has 69 members, 49 of which are from the region.