Chicago, July 27 – Asian Development Bank priced COP 600 million of 11.2% senior notes due 2025, according to a filing under Rule 3 of Regulation AD with the Securities and Exchange Commission.
The amounts payable under the notes will be in U.S. dollars.
The issue price is par.
Morgan Stanley & Co. International plc is managing the retail sale.
Listing will be in Luxembourg.
Based in Manila, ADB provides financing for projects aimed at reducing poverty in Asia and the Pacific.
| Issuer: | Asian Development Bank
|
| Amount: | COP 600 million
|
| Issue: | Senior notes
|
| Maturity: | July 31, 2025
|
| Bookrunners: | Morgan Stanley & Co. International plc
|
| Trustee: | Citibank, NA, London Branch as global paying agent
|
| Counsel to underwriter: | Cleary Gottlieb Steen & Hamilton LLP
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| Coupon: | 11.2%
|
| Price: | Par
|
| Yield: | 11.2%
|
| Trade date: | July 27
|
| Settlement date: | July 31
|
| Distribution: | Registered global notes
|
| ISIN: | XS2656548943
|
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