Disaster Relief Bond

The Asian Development Bank (ADB) is aiming to issue its first catastrophe bond in the coming months, with the parametric deal expected to be around $120 million – $150 million in size, designed to protect both the Kyrgyz Republic and Tajikistan against earthquake and flood risks over a three-year term.

The Asian Development Bank (ADB) has approved plans to issue a pilot parametric catastrophe bond for Kyrgyz Republic and Tajikistan which could be as much as $100 million in size, protecting both countries against earthquake and flood risks.