New Issue: Asian Development Bank sells $100 million add-on to 2026 floaters

By Marisa Wong

Los Angeles, July 31 – Asian Development Bank priced an additional $100 million of floating-rate notes due June 16, 2026, according to a pricing supplement filed with the Securities and Exchange Commission on Monday.

The notes will be consolidated and form a single series with the original $250 million of notes issued on June 16, 2021, $150 million issued on Sept. 16, 2021, $100 million issued on Sept. 21, 2021, $100 million issued on Oct. 7, 2021, $100 million issued on Oct. 13, 2021, $100 million issued on Jan. 20, 2022 and $200 million issued on Jan. 25, 2022.

The latest notes will be issued at 102.127 plus accrued interest.

Bank of Nova Scotia, London branch is the dealer.

The issuer is a Manila-based development bank.

Issuer:	Asian Development Bank
Amount:	$100 million
Issue:	Senior notes, add-on
Maturity:	June 16, 2026
Dealer:	Bank of Nova Scotia, London branch
Coupon:	SOFR plus 100 bps
Price:	102.127
Pricing date:	July 31
Settlement date:	Aug. 2
Listing:	Luxembourg
Distribution:	Registered notes
Total issuance:	$1.1 billion, including $250 million issued on June 16, 2021, $150 million issued on Sept. 16, 2021, $100 million issued on Sept. 21, 2021, $100 million issued on Oct. 7, 2021, $100 million issued on Oct. 13, 2021, $100 million issued on Jan. 20, 2022 and $200 million issued on Jan. 25, 2022
ISIN:	US04517PBE16

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