New landfill equipment delivered in Ahumada, Chihuahua
Ahumada, Chihuahua – New equipment was delivered today for the optimal operation of the municipal landfill in Ahumada, Chihuahua, which is located about 75 miles south of Ciudad Juarez, Chihuahua. The equipment was financed with a US$300,000 grant from the North American Development Bank through its Community Assistance Program (CAP).
North American Development Bank to issue green bond in the Swiss franc market for the equivalent of US$126.4 million
San Antonio, Texas - The North American Development Bank (NADB) has completed pricing of a CHF 125 million (US$126.4 million equivalent) green bond issuance, managed by Credit Suisse. The closing date is scheduled for July 24th . The bond will mature in July 2026 and pay a coupon rate of 0.3000%. Through a swap operation to US dollars, it will result in a rate of LIBOR 3 months plus 42.20 basis points.
Three new water and wastewater projects approved for border communities
Projects to receive grants from NADB. NADB Board of Directors meets in Ensenada, Baja California for first time since entry into force of amendments to the Bank’s Charter.
Desalinization plant begins operations in Ensenada, Baja California
North American Development Bank (NADB) provided US$31.6 million loan for its construction.
City of Douglas breaks ground on Wastewater Treatment Plant
Douglas, Arizona – Today, the City of Douglas, Arizona, along with the Environmental Protection Agency (EPA), North American Development Bank (NADB) and their partners, hosted a groundbreaking ceremony for the expansion of the Douglas Wastewater Treatment Plant, which will permit access to first-time wastewater services in an unserved area of town, eliminate exposure to untreated wastewater discharges and reduce water pollution and the risk of waterborne disease.
NADB supports projects to address recent spills to the Tijuana River in Baja California
Funds provided by the U.S. Environmental Protection Agency.
Loan provided for construction of desalinization plant in San Quintín, Baja California
North American Development Bank and Desaladora Kenton S.A. de C.V. sign US$36.6 million loan agreement. Plant will have capacity to produce 5.7 million gallons a day of water in benefit of more than 86,000 residents.
North American Development Bank ‘AA’ rating affirmed by Fitch with a stable outlook
San Antonio, Texas – Fitch Ratings affirmed the ‘AA’ rating of the North American Development Bank (NADB) with a stable outlook. In its analysis, Fitch assessed the Bank’s capitalization and liquidity levels as “excellent.” Other key factors included NADB’s strong risk management, very low equity risk and low counterparty loan concentration.
NADB and BECC merge
San Antonio, Texas – During its semi-annual meeting, the Board of Directors of the North American Development Bank (NADB) and the Border Environment Cooperation Commission (BECC) announced that, on November 10th, the amendments to the institutions’ Charter will enter into effect, integrating the BECC and the NADB into a single institution for the development and financing of sustainable environmental infrastructure in the U.S.-Mexico border region.
NADB signs US$5.26 million grant agreement to expand basic water and wastewater services in Nogales, Sonora
San Antonio, Texas – The North American Development Bank (NADB) and the water utility, Organismo Operador Municipal de Agua potable, Alcantarillado y Saneamiento (OOMAPAS), have signed a US$5.26 million grant agreement to help finance the expansion of the city’s water distribution and wastewater collection systems in residential subdivisions in the southwestern area of Nogales, Sonora.