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Published on 8/23/2023 in the Prospect News Emerging Markets Daily.

Asian Development Bank offers dollar five-year senior notes; talk SOFR mid-swaps plus 37 bps area

By Marisa Wong and Cristal Cody

Los Angeles, Aug. 23 – Asian Development Bank plans to price dollar-denominated senior notes due Aug. 25, 2028, according to a market source.

Price talk is in the SOFR mid-swaps plus 37 basis points area.

BofA, Barclays, Citi and JPMorgan are the bookrunners.

The issuer is a Manila-based development bank.


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