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News

August 14, 2018

Ground broken on wastewater infrastructure project in Marathon, Texas

Marathon, Texas. – U.S. Representative Will Hurd (TX 23) and North American Development Bank (NADB) Managing Director Alex Hinojosa joined Marathon Water Supply and Sewer Service Corporation staff and community members to kick off a US$1.55 million project that will replace aging infrastructure and extend the wastewater system to two unserved areas in Marathon, Texas, a small community approximately 230 miles east of El Paso.

August 01, 2018

North American Development Bank and Fondo de Fondos ring opening bell at Mexican Stock Exchange

Capital Development Certificate for financing infrastructure projects issued by FONDO de FONDOS.

July 06, 2018

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).

June 26, 2018

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.

June 19, 2018

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.

June 11, 2018

Desalinization plant begins operations in Ensenada, Baja California

North American Development Bank (NADB) provided US$31.6 million loan for its construction.

May 14, 2018

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.

April 24, 2018

NADB supports projects to address recent spills to the Tijuana River in Baja California

Funds provided by the U.S. Environmental Protection Agency.

March 28, 2018

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.

March 27, 2018

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.