Published on 9/1/2022 in the Prospect News Canadian Bonds Daily and Prospect News Emerging Markets Daily.
New Issue: Asian Development Bank sells C$700 million 3.8% notes due 2025
Chicago, Sept. 1 – The Philippines’ Asian Development Bank will issue C$700 million of 3.8% notes due 2025, according to a notice.
Bank of Montreal, London Branch is working as the stabilizing manager.
Based in Manila, ADB provides financing for projects aimed at reducing poverty in Asia and the Pacific.
| Issuer: | Asian Development Bank
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| Amount: | C$700 million
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| Issue: | Notes
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| Maturity: | Sept. 12, 2025
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| Bookrunner: | Bank of Montreal, London Branch
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| Coupon: | 3.8%
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| Price: | 99.949
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| Announcement date: | Sept. 1
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