The North American Development Bank, or NADBank, is taking a different approach to attract capital from institutional investors by issuing its first green bond.
NADBank officials saw opportunity to leverage existing investor interest in projects that it’s been doing for decades. The organization underwrites loans and grants for renewable energy projects and clean water plants up to 62 miles north or 186 miles south of the U.S. border. It had avoided issuing green bonds before due to the additional…
