The Asian Development Bank (ADB) on Monday said it has successfully issued 8.3 billion Chinese yuan (about 1.15 billion U.S. dollars) in bond, raising significant capital to support its development projects for both sovereign and private sector borrowers.

The three-year bond issue, the bank's largest Panda Bonds to date and released on March 17, 2025, carry a 1.81 percent coupon.

The Panda Bonds are part of the ADB's ongoing efforts to diversify its funding sources and tap into the growing pool of local currency capital in Asia and the Pacific.

The funds raised will be used to finance a range of projects aimed at promoting inclusive and sustainable development for the ADB's members.

ADB Treasurer Tobias Hoschka said the issuance of the latest Panda Bonds "underscores the robust demand for high-quality, sustainable investment opportunities in the Chinese bond market."

"The proceeds from this issuance will be instrumental in advancing our mission to foster economic growth and reduce poverty in the region," he added.