By Mary-Katherine Stinson
Lexington, Ky., Sept. 22 – Asian Development Bank priced $500 million of 4 7/8% five-year callable notes at par, according to a pricing supplement.
The bank has the option to call the notes at par on Sept. 26, 2026.
Wells Fargo Securities LLC is the dealer.
Citibank, NA, London Branch is the global agent and BNP Paribas, Luxembourg Branch is the Luxembourg listing agent.
The issue of the notes under the bank’s global medium-term note program was authorized by the board of directors on Dec. 7, 2022.
The issuer is a Manila-based development bank.
| Issuer: | Asian Development Bank
|
| Amount: | $500 million
|
| Issue: | Senior notes, series 1554-00-2
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| Maturity: | Sept. 26, 2028
|
| Dealer: | Wells Fargo Securities LLC
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| Coupon: | 4 7/8%
|
| Price: | Par
|
| Yield: | 4 7/8%
|
| Call features: | Optional par call on Sept. 26, 2026
|
| Pricing date: | Sept. 22
|
| Settlement date: | Sept. 26
|
| Distribution: | Registered notes
|
| Cusip: | 04517PBW1
|
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