By Marisa Wong and Cristal Cody
Los Angeles, April 8 – Asian Development Bank priced $5 billion of 1% five-year notes at mid-swaps plus 2 basis points, or a Treasuries plus 15.25 bps spread, according to a market source.
Initial price talk was in the mid-swaps plus 5 bps area.
BMO Capital Markets Corp., Credit Agricole CIB, Deutsche Bank Securities Inc. and Goldman Sachs & Co. LLC were the bookrunners.
Asian Development Bank is a Mandaluyong, Philippines-based regional development bank.
| Issuer: | Asian Development Bank
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| Issue: | Notes
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| Amount: | $5 billion
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| Maturity: | April 14, 2026
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| Bookrunners: | BMO Capital Markets Corp., Credit Agricole CIB, Deutsche Bank Securities Inc. and Goldman Sachs & Co. LLC
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| Coupon: | 1%
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| Spread: | Mid-swaps plus 2 bps, or Treasuries plus 15.25 bps
|
| Pricing date: | April 7
|
| Initial price talk: | Mid-swaps plus 5 bps area
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