Chicago, Sept. 20 – Asian Development Bank sold COP 100 billion 11˝% notes with a three-year tenor, notes that are payable in U.S. dollars, according to a pricing supplement.
The issue price was 100.892.
TD Securities worked as the manager. TD is buying the notes and then will be offering them to the public.
Proceeds will be used for the bank’s ordinary operations to finance a pool of projects related to the health sector.
The notes will be listed on the Luxembourg Stock Exchange.
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: | COP 100 billion
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| Issue: | Notes
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| Maturity: | Sept. 22, 2025
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| Bookrunner: | TD Securities
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| Counsel to underwriter: | Cleary Gottlieb Steen & Hamilton LLP
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| Coupon: | 11˝%
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| Price: | 100.892
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| Trade date: | Sept. 20
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| Settlement date: | Sept. 22
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| Distribution: | Public
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| ISIN: | XS2533138033
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