The 3-year bonds worth $4 billion, with a coupon rate of 0.25% per annum payable semi-annually, have a maturity date of July 14, 2023
Manila-based lender plans to raise around $30 billion to $35 billion from the capital markets in 2020
The loan has been sanctioned with a view to support immediate priorities such as disease containment and prevention
The bank is also engaged with the private sector to meet its financing needs during this period, ADB said in a statement
Growth in South Asia will decelerate to 4.1 per cent in FY2021 and then recover to 6 per cent in FY2022, largely tracking the trend in the dominant Indian economy, according to ADB
With ADB's investment into the NIIF platform, the FoF has now secured $700 million in commitments
The magnitude of the economic losses will depend on how the outbreak evolves which remains highly uncertain
The funds will be available for all ADB developing member countries in updating and implementing their pandemic response plans
ADB's masala bonds are listed on both Luxembourg exchange and India INX
The Asian Development Bank (ADB) on Wednesday trimmed its forecast for India's economic growth in 2019-20 to 5.1 per cent saying consumption was affected by slow job growth and rural distress
ADB said growth should pick up to 6.5 per cent in the next fiscal year with supportive policies
The Chennai-Kanyakumari Industrial Corridor is part of the East Coast Economic Corridor in Tamil Nadu
EESL was established in 2009 as a joint venture of four public sector undertakings of the Ministry of Power to pursue large-scale energy efficiency investments
The total cost of the project is $653.5 million, of which the government will provide $202.5 million
ADB also slashed its growth estimate for India to 6.5 per cent from 7 per cent
Abrupt declines in manufacturing and investment reflect uncertainty ahead of general elections, subdued lending by banks and other financial institutions, ADB said.
An agreement in this regard was signed between the government and the ADB, the agency said
The decision was taken during the meeting between ADB Vice President Shixin Chen and Pakistan Prime Minister Imran Khan here on Thursday
The visiting ADB president supported the RBI's approval to the fund transfer and said the country should come up with more such ideas to support growth
India will be the main driver to lower the inflation for the South Asian region, ADB said in a supplement to Asian Development Outlook (ADO) 2019