News

The North American Development Bank (NADBank ) participated in the financing of a MXN$339-million joint issuance of asset-backed securities (ABS) under a sustainability framework—the first joint issuance of a sustainable bond in the Mexican stock market. The securities were issued by four non-Bank financial institutions that offer loans to micro, small and medium-sized companies, mainly in in agroindustry sector

Pathward and NADBank Finance Energy Storage Facility to Support ERCOT Battery Growth.

RIO HONDO, TEXAS – Oct. 8, 2024 - Pathward, N.A. has served as agent for $146.5 million in construction loans to support the sponsor’s acquisition and construction of six battery energy storage system (BESS) projects in Cameron County, Texas. As a participant to the construction facility, Texas-based North American Development Bank (NADBank ) provided funding for the projects in the amount of $73.25 million.

The North American Development Bank (NADBank ) held its annual flagship event, NADBank SUMMIT 2024, with the theme “Innovation for Sustainability in the U.S.-Mexico Border Region,” on August 29th and 30th, in San Antonio, Texas. The discussions promoted synergies and reflections on the importance of innovation in public policy, initiatives and partnerships to achieve environmental sustainability along with sustainable economic development in the region. In addition, it featured the actions, projects and programs undertaken by various cities and companies to address the challenges of water stress, conserve water in food value chains, and implement innovative solutions for mobility and circular economies, as well as financing strategies and access to resources for infrastructure development in the region were presented.

The Patagonia, Arizona Wastewater Treatment Plant Improvements Project, funded by a $500,000 grant from NADBank 's Community Assistance Program, has won two prestigious awards. It was named "Project of the Year" by the APWA Arizona Chapter and received the Common Grounds Award from the Metropolitan Pima Alliance. These accolades highlight the project's impact on environmental sustainability and community collaboration.

• The event provides a platform to foster binational dialogue on sustainable and innovative solutions and options for addressing current water issues, the use of clean energy, mobility, circular economies, decarbonization and financial innovation in sustainable projects.
• Insights from renowned specialists, as well as leaders in the public and private sectors, will underscore the importance of innovation and sustainability in the environmental agenda of the U.S.-Mexico border in light of climate change, as well as highlight investment opportunities in the region and financing options offered by participating financial institutions.

• The new infrastructure will reduce contamination of surface and groundwater resources.
• The project received a grant from the U.S. Environmental Protection Agency, administered by The North American Development Bank (NADBank ).

Moody's Ratings (Moody's) has  affirmed the Aa1 long-term issuer and senior unsecured ratings of the North American DevelopmentBank (NADBank ) and maintained the stable outlook. The short-term issuer rating of the NADBank was affirmed at Prime-1 (P-1).

The Board of Directors of The North American Development Bank (NADBank ) held its first meeting of 2024 in the city of Tecate, Baja California, where various internal policies were reviewed and approved to enhance the operations of the Bank. Progress was also made in fine-tuning a proposed Water Investment Program (WIP). These actions are intended to allow the Bank to advance the implementation of its five-year strategic plan that went into effect in early 2024. The objective of the strategic plan is to support the development of the border region by increasing the number of impactful environmental infrastructure projects financed and growing its portfolio of development assets to US$1.5 billion over the next five years, as well as integrating knowledge and best practices into those projects. The priority is investments in water infrastructure and greener urban mobility that support the transition to a sustainable economy, advance the well-being of residents, and preserve, protect and enhance the environment in the U.S.-Mexico border region.

The North American Development Bank (NADBank ) is pleased to announce the publication of its Sustainable Financing Framework, which targets investments with significant environmental and social impacts and enhances transparency in the use of funds. The framework focuses on addressing the critical development challenges facing the U.S.-Mexico border region, which are at the core of the Bank’s environmental mandate.