By Reshmi Basu
New York, Feb. 7 - The Asian Development Bank (Aaa/AAA/AAA) said it has placed a two-part offering of S$250 million in five-year notes and 500 million ringgit in 10-year notes in the Asian local currency market.
The Singapore dollar-denominated notes bear a coupon of 3.27%.
ADB is the first supranational to tap Singapore this year. The tranche comes under the institution's $10 billion equivalent Asian currency note program.
Meanwhile the 500 million notes ringgit will carry a coupon of 4%. ADB said that issue will extend its yield curve in Malaysia.
Standard Chartered was the bookrunner for the tranche of Singapore-dollar denominated notes while Standard Chartered Bank Malaysia Bhd. and Hong Leong Bank Bhd. managed the sale of the Malaysian ringgit- denominated notes.
Asian Development Bank is a Manila-based multilateral development finance institution.
Issuer: Asian Development Bank
Issue: Two-part notes offering
Pricing date: Feb. 7
Ratings: Moody's: Aaa
| Standard & Poor's: AAA
|
| Fitch: AAA
|
| Singapore dollar notes
|
| Amount: | S$250 million
|
| Issue: | Singapore dollar-denominated notes
|
| Maturity: | 2012
|
| Coupon: | 3.27%
|
|
|
| Ringgit notes
|
| Amount: | 500 million ringgit
|
| Issue: | Malaysian ringgit-denominated notes
|
| Maturity: | 2017
|
| Coupon: | 4%
|
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