Published on 1/14/2008 in the Prospect News Emerging Markets Daily and Prospect News Investment Grade Daily.
New Issue: Asian Development Bank prices $1 billion three-year notes at Treasuries plus 51.75 bps
By Andrea Heisinger and Aaron Hochman-Zimmerman
New York, Jan. 14 - The Asian Development Bank (Aaa/AAA/AAA) priced $1 billion of three-year 3% notes at 99.894 for a spread to Treasuries of 51.75 basis points, according to a press release.
Morgan Stanley, Daiwa Securities and RBC Capital acted as bookrunners for the deal.
ADB is a Manila, Philippines-based development financier.
| Issuer: | Asian Development Bank
|
| Amount: | $1 billion
|
| Issue: | Three-year notes
|
| Maturity: | Feb. 15, 2011
|
| Coupon: | 3%
|
| Price: | 99.894
|
| Spread: | Treasuries plus 51.75 bps
|
| Bookrunners: | Morgan Stanley, Daiwa Securities, RBC Capital
|
| Pricing date: | Jan. 14
|
| Ratings: | Moody's: Aaa
|
| Standard & Poor's: AAA
|
| Fitch: AAA
|
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