By Luis Montoya
SAN ANTONIO, Texas — The North American Development Bank (NADBank) has successfully raised $155 million in global capital markets, securing low-cost financing that will soon flow directly into critical environmental and infrastructure projects across the U.S.-Mexico border region.
The binational financial institution—which is jointly owned and operated by the U.S. and Mexican federal governments—borrowed the funds by issuing 125 million Swiss francs worth of bonds to international investors through Deutsche Bank.
While the debt was initially raised in Swiss currency, NADBank is immediately converting the funds into U.S. dollars and Mexican pesos. This ensures the capital can be deployed directly to local project developers working in border communities across Texas, New Mexico, Arizona, California, and northern Mexico.
The move marks a strong return for NADBank to the Swiss bond market. Thanks to its top-tier credit ratings—Moody’s and Fitch recently affirmed the bank at “Aa1” and “AA” respectively, just one notch below a perfect score—NADBank was able to lock in an exceptionally low annual interest rate of 1.125%.
In addition to the bank’s fiscal health, global investors were eager to purchase the bonds because they are recognized as high-quality financial collateral, making them easy to trade and use for short-term financing.
For residents living along the border, the bank’s ability to borrow money so cheaply is big news. Lower borrowing costs for NADBank mean lower financing costs for local public and private sector sponsors. The newly secured $155 million will be used to fund a wide range of essential border developments, including clean drinking water systems, wastewater treatment facilities, air quality improvement programs, and renewable energy installations.
Set to mature in September 2034, the eight-year bond issue adds to NADBank’s substantial footprint in the region. As of mid-2026, the bank already maintained over $1.2 billion in outstanding loans dedicated to upgrading infrastructure and improving the quality of life along the U.S.-Mexico divide.
