From time to time NADB issues debt securities with maturities and terms based on market conditions at the time of sale. The debt securities may be sold to dealers or underwriters, who may resell them in public offerings or otherwise, or they may be sold by the Bank directly or through agents. The terms of the debt securities being offered at a particular time and the manner of their distribution will be described in a prospectus, offering memorandum or supplemental information statement.
|Fitch Ratings AA/F1+ stable||Credit Report|
|Moody's Investors Service Aa1/Prime-1 stable|
|Year In Review|
|2016 BECC-NADB Year In Review|
|Unaudited Financial Statements|
|3rd quarter 2018||4rd quarter 2017 (audited)||4rd quarter 2016 (audited)|
|2nd quarter 2018||3rd quarter 2017||3rd quarter 2016|
|1st quarter 2018||2nd quarter 2017||2nd quarter 2016|
|1st quarter 2017||1st quarter 2016|
|2017 Final Becc Audit|
In June 2018, the North American Development Bank (NADB) issued its first Green Bond in the amount of CHF 125 million (equivalent to USD 126.4 million). The net proceeds from the issuance of this bond will be used to finance or refinance eligible projects that support the Bank's mission to finance environmental infrastructure projects that help preserve, protect, and enhance the environment of the U.S.-Mexico border region to advance the well-being of its residents.
The proceeds of the Green Bond will be used and managed in accordance with the Bank's Green Bond Framework, , which is consistent with the rules established by the International Capital Market Association (ICMA) in the Green Bond Principles. The Green Bond Framework was reviewed by an independent third party, who issued a positive Second-party opinion.
NADB's Green Bond Framework identifies eligible projects that may be financed with the proceeds of green bonds. These projects fall into one of four sectors: sustainable water and wastewater management, pollution prevention and control, renewable energy, and energy efficiency.
All projects selected for financing by NADB must be certified by the Bank's Board of Directors based on technical, financial and environmental criteria, as well as public access to information. As part of the environmental criteria, a project must demonstrate not only compliance with applicable environmental regulations and clearance processes but must also demonstrate a positive impact on the environment.
Use of proceeds includes the reimbursement to the Bank of USD $53.06 million for a project funded within 24 months prior to the bond issuance. In addition, proceeds have been used for disbursements made after the bond issuance date. The table below summarizes the use of proceed to date.
|1 Expected impact of entire project|
|2 Estimated emissions were obtained from the Certification Document.|
|3 Estimated emissions were updated with the current CO2 emission factor (0.582 ton/MWh), published by Mexico's Energy Regulatory Commission in 2017.|
|The emission factor to calculate emissions at certification was 0.458 ton/MWh.|
MW = Megawatts; GWh = gigawatt-hours; CO2e = carbon dioxide equivalent