By William Gullotti
Buffalo, N.Y., March 21 – Asian Development Bank priced EŁ 2.5 billion of 17% notes due March 25, 2025 at par on Wednesday, according to a filing under Rule 3 of Regulation AD with the Securities and Exchange Commission.
The notes are being issued under the bank’s global medium-term note program.
The amounts payable under the notes will be in U.S. dollars.
Standard Chartered Bank is the manager for the offering.
The notes will be listed in Luxembourg.
The issuer is a Manila-based development bank.
| Issuer: | Asian Development Bank
|
| Amount: | EŁ 2.5 billion
|
| Issue: | Notes, series 1601-00-2
|
| Maturity: | March 25, 2025
|
| Manager: | Standard Chartered Bank
|
| Trustee: | Citibank, NA, London Branch as global paying agent
|
| Coupon: | 17%
|
| Price: | Par
|
| Yield: | 17%
|
| Call: | Non-callable
|
| Trade date: | March 20
|
| Settlement date: | March 25
|
| ISIN: | XS2784372729
|
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