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.
Capital Development Certificate for financing infrastructure projects issued by FONDO de FONDOS.
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).
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.
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.
North American Development Bank (NADB) provided US$31.6 million loan for its construction.
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.
Funds provided by the U.S. Environmental Protection Agency.
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.
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.