By William Gullotti
Buffalo, N.Y., July 17 – The Philippines’ Asian Development Bank priced £1 billion of 6 1/8% notes due 2025 at 99.847, according to two filings with the Securities and Exchange Commission.
The notes are issued under the bank’s global medium-term note program and may not be redeemed by the issuer or the holder prior to maturity.
Barclays Bank plc, Nomura International plc and RBC Europe Ltd. are the managers for the Regulation AD offering.
The notes will be listed on the Luxembourg 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: | £1 billion
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| Issue: | Notes
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| Maturity: | Aug. 15, 2025
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| Managers: | Barclays Bank plc, Nomura International plc and RBC Europe Ltd.
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| Counsel to managers: | Cleary Gottlieb Steen & Hamilton LLP
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| Coupon: | 6 1/8%
|
| Price: | 99.847
|
| Pricing date: | July 13
|
| Issue date: | July 17
|
| ISIN: | XS2649502015
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