By Aaron Hochman-Zimmerman
New York, Sept. 11 - Late Monday the Asian Development Bank priced a $1 billion three-year global bond (Aaa/AAA/AAA) at 99.90 with a coupon of 4 3/8%, according to a market source.
The deal priced at three-year mid-swaps minus 22 basis points, just off its initial guidance in the area of three-year mid-swaps minus 21 bps.
Citigroup, Nomura Bank and UBS acted as bookrunners.
ADB is a Manila, Philippines-based development financier.
| Issuer: | Asian Development Bank
|
| Amount: | $1 billion
|
| Issue: | Three-year global bond
|
| Maturity: | Sept 17, 2010
|
| Coupon: | 4 3/8%
|
| Price: | 99.90
|
| Spread: | Mid-swaps minus 22 bps |
|
| Bookrunners: | Citigroup, Nomura Bank, UBS
|
| Pricing date: | Sept. 10
|
| Settlement date: | Sept. 18
|
| Rating: | Moody's: Aaa
|
| Standard & Poor's: AAA
|
| Fitch: AAA
|
| Price talk: | Mid-swaps minus 21 bps
|
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