By William Gullotti and Cristal Cody
Buffalo, N.Y., Aug. 19 – Asian Development Bank priced $1 billion of five-year floating-rate notes at 104.136, according to an announcement Thursday.
The notes priced on top of price talk with a floating interest rate of 18 basis points over SOFR. Talk was in the SOFR plus 18 basis points area, according to a market source.
BMO Capital Markets Corp., Goldman Sachs & Co. LLC and RBC Capital Markets LLC are the bookrunners.
Bank of Montreal, London Branch is acting as the stabilization manager.
The regional development bank is based in Mandaluyong, Philippines.
| Issuer: | Asian Development Bank
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| Amount: | $1 billion
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| Issue: | Floating-rate notes
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| Maturity: | Aug. 27, 2026
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| Bookrunners: | BMO Capital Markets Corp., Goldman Sachs & Co. LLC and RBC Capital Markets LLC
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| Coupon: | SOFR plus 18 bps
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| Issue price: | 104.136
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| Announcement date: | Aug. 19
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| Price talk: | SOFR plus 18 bps area
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