Announced details
Water supply, improvements to sanitation conditions, water resources management, irrigation management and responses to water-related disasters
Purchased in full by the National Mutual Insurance Federation of Agricultural Cooperatives
Daiwa Securities Capital Markets Europe Limited acted as the sole lead manager for the Asian Development Bank’s bond. The National Mutual Insurance Federation of Agricultural Cooperatives purchased the bond in full.
The Asian Development Bank is an international development finance institution working to promote sustainable, inclusive and resilient growth in the Asia-Pacific region. Founded in 1966, it comprises 69 member countries and areas, including 50 regional members. No overview of the National Mutual Insurance Federation of Agricultural Cooperatives is provided.
In this announcement the company addresses none of Contract Value / Offering price / Impact on Business Performance.
| Item | Details |
|---|---|
| Names of Products / Services Covered | Water Bond (yen-denominated thematic bond) |
| Counterparty | Asian Development Bank (ADB), National Mutual Insurance Federation of Agricultural Cooperatives |
| Counterparty overview | The Asian Development Bank is an international development finance institution working to promote sustainable, inclusive and resilient growth in the Asia-Pacific region. Founded in 1966, it comprises 69 member countries and areas, including 50 regional members. No overview of the National Mutual Insurance Federation of Agricultural Cooperatives is provided. |
| Relationship with the Company | Daiwa Securities Capital Markets Europe Limited acted as the sole lead manager for the Asian Development Bank’s bond. The National Mutual Insurance Federation of Agricultural Cooperatives purchased the bond in full. |
| Applicable area | Water supply, improvements to sanitation conditions, water resources management, irrigation management and responses to water-related disasters |
| Usage history | Purchased in full by the National Mutual Insurance Federation of Agricultural Cooperatives |
Items this document does not state (12)
These are items the company does not state in this document. We do not leave them blank, nor fill them in from other sources or by inference.
The reasons the company gives
The company's own explanation, not something inferred from the numbers.The bond was issued to help address water and sanitation challenges in the Asia-Pacific region, including water supply, improvements to sanitation conditions, water resources management, irrigation management and responses to water-related disasters. Daiwa Securities Group stated that it will work to create a prosperous future and enhance corporate value through the financial and capital markets.