By Rebecca Melvin
New York, Sept. 29 – Asian Development Bank priced $4 billion in three-year bonds and 10-year bonds, according to a market source on Tuesday.
The $3 billion tranche of ¼% bonds due 2023 priced at 99.893 to yield 0.286%, or a spread of 5 basis points over mid-swaps.
The $1 billion ¾% bonds due 2030 priced at 98.852 to yield 0.87% for a spread of 19 bps over mid-swaps.
RBC Capital Markets, Nomura, BNP Paribas and TD Securities were the bookrunners.
The bonds, which priced under the issuer’s global medium-term note program, are expected to be listed on the Luxembourg Stock Exchange’s regulated market.
The development bank is based in Manila.
| Issuer: | Asian Development Bank
|
| Amount: | $4 billion
|
| Issue: | Bonds
|
| Bookrunners: | RBC Capital Markets, Nomura, BNP Paribas and TD Securities
|
| Pricing date: | Sept. 29
|
|
|
| Three-year bonds
|
| Amount: | $3 billion
|
| Maturity: | Oct. 6, 2023
|
| Coupon: | ¼%
|
| Price: | 99.893
|
| Yield; | 0.286%
|
| Spread: | Mid-swaps plus 5 bps
|
|
|
| 10-year bonds
|
| Amount: | $1 billion
|
| Maturity: | Oct. 8, 2030
|
| Coupon: | ¾%
|
| Price: | 98.852
|
| Yield; | 0.87%
|
| Spread: | Mid-swaps plus 19 bps
|
|
|
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