By Christine Van Dusen
Atlanta, April 27 - Philippines' Asian Development Bank priced an A$400 million add-on of 6¼% notes due March 5, 2020 at 99.104 to yield 6.3725%, according to a company filing.
The notes will be consolidated to form a single series with the A$600 million 6¼% notes due March 5, 2020 that were issued on March 5.
Commonwealth Bank of Australia, RBC and Toronto-Dominion Bank were the bookrunners for the deal.
Proceeds will be used for capital resources and ordinary operations.
Asian Development Bank is an international development finance institution based in Manila.
Issuer: | Asian Development Bank
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Amount: | A$400 million
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Maturity: | March 5, 2020
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Description: | Add-to 6¼% notes
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Bookrunners: | Commonwealth Bank of Australia, RBC, Toronto-Dominion Bank
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Coupon: | 6¼%
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Price: | 99.104
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Yield: | 6.3725%
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Pricing date: | April 22
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Settlement: | April 27
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