By Marisa Wong
Los Angeles, April 9 – Asian Development Bank priced EGP 1 billion of 17˝% notes due April 16, 2025 at par on Tuesday, 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.
Amounts payable under the notes will be in U.S. dollars.
J.P. Morgan Securities plc is the dealer for the non-syndicated offering.
The notes will be listed on the Luxembourg Stock Exchange.
The issuer is a Manila-based development bank.
| Issuer: | Asian Development Bank
|
| Amount: | EGP 1 billion
|
| Issue: | Senior notes, series 1611-00-2
|
| Maturity: | April 16, 2025
|
| Dealer: | J.P. Morgan Securities plc
|
| Trustee: | Citibank, NA, London Branch as global paying agent
|
| Coupon: | 17˝%
|
| Price: | Par
|
| Yield: | 17˝%
|
| Call option: | No
|
| Put option: | No
|
| Trade date: | April 9
|
| Settlement date: | April 16
|
| Listing: | Luxembourg
|
| ISIN: | XS2798282245
|
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