MoFo Advises AIIB and NDB on their Financing to Accelerate Bangladesh’s Clean Energy and Digital Infrastructure

Morrison Foerster advised Asian Infrastructure Investment Bank (AIIB) and New Development Bank (NDB) on their combined parallel term loan facilities of US$75 million to City Bank PLC (CBL), a private commercial bank in Bangladesh. The facility mobilizes mid- to long-term funding for the development of renewable energy, energy storage, energy efficiency, e-mobility, and digital infrastructure projects in Bangladesh. By channeling development capital through a local institution, the initiative aims to accelerate the deployment of clean energy, support the growth of electric mobility, enhance energy efficiency, and expand digital connectivity nationwide.

The facility, structured and initiated by AIIB, marks the first such lending instrument extended by both multilateral development banks to a private-sector bank in Bangladesh.

The transaction highlights AIIB’s and NDB’s respective focus on building resilient and sustainable infrastructure ecosystems across their members through partnerships with the private sector.

The MoFo team advising AIIB and NDB was led by partner Per Lindberg (Singapore) and associates Tina Teo (Singapore) and Lyna Luo (Singapore). 

Read AIIB’s press release, NDB’s press release, and CBL’s press release.