By Andrea Heisinger
New York, Aug. 29 - The Asian Development Bank priced $1.25 billion 3.625% five-year global bonds on Thursday to yield Treasuries plus 67.25 basis points, according to a press release.
The bonds have a price of 99.552.
Bookrunners were BNP Paribas Securities, J.P. Morgan Securities Inc. and Nomura.
Proceeds will go into the bank's ordinary capital resources for use in its non-concessional operations.
The financial institution promotes economic and social progress in the Asia-Pacific region and is based in Manila, Philippines.
| Issuer: | Asian Development Bank
|
| Issue: | Global bonds
|
| Amount: | $1.25 billion
|
| Maturity: | Sept. 5, 2013
|
| Bookrunners: | BNP Paribas Securities, J.P. Morgan Securities Inc., Nomura
|
| Coupon: | 3.625%
|
| Price: | 99.552
|
| Spread: | Treasuries plus 67.25 bps
|
| Trade date: | Aug. 28
|
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