By Wendy Van Sickle
Columbus, Ohio, March 6 – Asian Development Bank priced TRY 2 billion of 0% deep discount notes due 2027 at 43.2 on Wednesday, according to a filing with the Securities and Exchange Commission.
The amounts payable under the notes will be in U.S. dollars.
The notes are being issued under the bank’s global medium-term note program.
Deutsche Bank AG, London Branch is the dealer.
Listing will be in Luxembourg.
The issuer is a Manila-based development bank.
| Issuer: | Asian Development Bank
|
| Amount: | TRY 2 billion
|
| Issue: | Zero-coupon deep discount notes, series 1598-00-2
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| Maturity: | March 8, 2027
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| Dealer: | Deutsche Bank AG, London Branch
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| Trustee: | Citibank, NA, London Branch as global paying agent
|
| Counsel to underwriter: | Cleary Gottlieb Steen & Hamilton LLP
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| Coupon: | 0%
|
| Price: | 43.2
|
| Pricing date: | March 6
|
| Settlement date: | March 8
|
| ISIN: | XS2776676145
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