North American Development Bank and Mercader Financial, S.A., SOFOM, E.R., sign agreement for US$20 million loan increase.
San Antonio, TX – The North American Development Bank (NADB) and the Whetstone Water Improvement District (WWID) have signed a $500,000 Community Assistance Program (CAP) grant to support the construction of a new well and installation of a water main to connect the well to the distribution system.
Grant funds are administered by the North American Development Bank. Senator Cornyn and Congressman Henry Cuellar (TX-28) helped secured federal funding for EPA’s US-Mexico Border Water Infrastructure Program (BWIP).
Santa Teresa, New Mexico – A ribbon-cutting ceremony to commemorate the completion of the new US$12.7-million wastewater treatment plant for the town of Sunland Park took place this afternoon at the plant.
Socorro, Texas. – Residents of the Cotton Valley neighborhood in Socorro, Texas now have sewer service thanks to a wastewater project funded by the U.S. Environmental Protection Agency (EPA) through the Border Environment Infrastructure Fund (BEIF), which is administered by the North American Development Bank (NADB). This morning, community members joined U.S. Representative Texas District 23 Will Hurd, Texas State Senator Jose Rodriguez, North American Development Bank (NADB) Managing Director Alex Hinojosa, EPA Region 6 Water Division Deputy Director David Garcia and Lower Valley Water District (LVWD) officials to celebrate the completion of a wastewater collection system that is providing first-time service to more than 200 residents of this Lower Valley community.
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.