NADBank Secures $155 Million Equivalent in New Swiss Franc Bond Issuance
· Texas Border Business
The North American Development Bank (NADBank) has successfully issued a bond worth CHF 125 million, equivalent to $155 million, managed by Deutsche Bank. The bond's settlement is set for September 29, 2026, with a maturity date of September 29, 2034, and a coupon rate of 1.125%. This marks NADBank's return to the Swiss bond market, attributed to its strong credit ratings and favorable market conditions. Proceeds from the bond will be converted into Mexican pesos and U.S. dollars to support infrastructure projects in both Mexico and the U.S. As of June 30, 2026, NADBank has $1.2 billion in loans across the border region.
AI summary · Source: Texas Border Business →
