By Mary-Katherine Stinson
Lexington, Ky., Nov. 21 – Asian Development Bank priced $50 million 5.53% callable notes due Nov. 21, 2027, according to a pricing supplement.
The registered notes sold at par.
The notes are callable at par on Nov. 21 each year beginning in 2023 to and including Nov. 21, 2026.
Morgan Stanley & Co. International plc is the dealer.
The issuer is a Manila-based development bank.
| Issuer: | Asian Development Bank
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| Amount: | $50 million
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| Issue: | Notes
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| Maturity: | Nov. 21, 2027
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| Dealer: | Morgan Stanley & Co. International plc
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| Agent: | Citibank, NA
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| Counsel to underwriters: | Cleary Gottlieb Steen & Hamilton LLP
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| Coupon: | 5.53%
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| Call features: | At par on Nov. 21 each year from Nov. 21, 2023 to Nov. 21, 2026
|
| Settlement date: | Nov. 21
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| Distribution: | Registered notes
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| ISIN: | XS2554749445
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