ADB Plans 2011 Water Bond on Asian Supply ‘Crisis’
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The Asian Development Bank may issue a bond next year solely for water projects in a bid to lend as much as $25 billion over the next decade amid persistent supply problems in the region.
“Crisis is already here in Asia,” said Arjun Thapan, a special adviser for infrastructure and water at the Manila-based lender. “We’d be very glad to do another bond as soon as the market is ready and 2011 is possible,” he said, while adding that the size of any issuance is still being considered.