By Devika Patel
Knoxville, Tenn., Dec. 4 - Asian Development Bank said it priced RMB 1 billion 10-year second renminbi-denominated "panda" bonds at par with a coupon of 4.2%.
China International Capital Corp. Ltd. was the manager.
Proceeds will used to fund private sector clean energy and energy efficiency projects.
The financial institution promotes economic and social progress in the Asia-Pacific region and is based in Manila, Philippines.
Issuer: | Asian Development Bank
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Issue: | Second renminbi-denominated bonds
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Amount: | RMB 1 billion
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Maturity: | Dec. 8, 2019
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Coupon: | 4.2%
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Price: | Par
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Yield: | 4.2%
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Call: | Non-callable
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Manager: | China International Capital Corp. Ltd
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Pricing date: | Dec. 4
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