By Reshmi Basu
New York, June 19 - The Asian Development Bank (ADB) (Aaa/AAA/AAA) placed a ¥50 billion offering of 20-year global bonds at 99.857 with a coupon of 2.35%.
Proceeds from the sale will be used for capital resources and for the bank's lending operations.
Mitsubishi UFJ Securities and UBS Investment Bank managed the sale.
ADB is a Manila-based multilateral development finance institution.
So far in 2007, ADB has raised more than $6 billion in 11 currencies through various transactions, according to a news release.
| Issuer: | Asian Development Bank
|
| Amount: | ¥50 billion
|
| Issue: | Global bonds
|
| Maturity: | June 21, 2027
|
| Coupon: | 2.35%
|
| Issue price: | 99.857
|
| Yield: | 8 basis points over JGB
|
| Lead managers: | Mitsubishi UFJ Securities, UBS Investment Bank
|
| Pricing date: | June 19
|
| Ratings: | Moody's: Aaa
|
| Standard & Poor's: AAA
|
| Fitch: AAA
|
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