Each of the Kyrgyz Republic and Tajikistan will now benefit from $80 million of disaster risk finance through the landmark cat bond deals
Asian Development Bank's first cat bonds priced
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ADB prices first cat bonds, secures $160m disaster risk finance for Kyrgyz Republic & Tajikistan
 The Asian Development Bank’s (ADB) first catastrophe bond offerings have now been successfully priced in the market, with the result being a $160 million capital market-backed source of parametric earthquake and extreme precipitation disaster risk financing, evenly split between the Kyrgyz Republic and Tajikistan.
It’s an important first step in the catastrophe bond market for the Asian Development Bank (ADB) and its member countries, as the multilateral development bank has now proven the concept of issuing what it has termed Disaster Relief Bonds (DRB) to benefit two of its members, securing efficient disaster risk financing from institutional and insurance-linked securities (ILS) investors.
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