By Aaron Hochman-Zimmerman
New York, Feb. 2 - The Asian Development Bank priced $1 billion three-year bonds at 99.725 with a coupon of 2 1/8% to yield the equivalent of Libor plus 25 basis points (Aaa/AAA/AAA), according to an informed source.
The Daiwa, Goldman Sachs, Morgan Stanley and UBS acted as bookrunners for the deal.
The financial institution promotes economic and social progress in the Asia-Pacific region and is based in Manila, Philippines.
Issuer: Asian Development Bank
Issue: Three-year global bonds
| Amount: | $1 billion
|
| Maturity: | March 15, 2012
|
| Coupon: | 2 1/8%
|
| Price: | 99.725
|
| Yield: | Equivalent of Libor plus 25 bps
|
| Bookrunners: | Daiwa, Goldman Sachs, Morgan Stanley, UBS
|
| Pricing date: | Feb. 2
|
| Ratings: | Moody's: Aaa
|
| Standard & Poor's: AAA
|
| Fitch: AAA
|
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