By Wendy Van Sickle
Columbus, Ohio, July 11 – The Philippines’ Asian Development Bank priced C$1 billion of 4.4% notes due 2026 at 99.994 on Tuesday, according to a filing with the Securities and Exchange Commission.
Bank of Montreal, London Branch, RBC Europe Ltd., Bank of Nova Scotia, London Branch and Toronto-Dominion Bank are the managers.
The bank will use its best efforts to apply proceeds to finance a pool of projects related to the health sector, directly or indirectly through governments or rural governments of its members or financial institutions or investments in private sector health projects.
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$1 billion
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| Issue: | Notes
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| Maturity: | July 13, 2026
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| Bookrunners: | Bank of Montreal, London Branch, RBC Europe Ltd., Bank of Nova Scotia, London Branch and Toronto-Dominion Bank
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| Counsel to underwriters: | Stikeman Elliott (London) LLP (Canadian law)
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| Coupon: | 4.4%
|
| Price: | 99.994
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| Pricing date: | July 11
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| Issue date: | July 13
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| Cusip: | 045167FY4
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