New Issue: Asian Development Bank sells $1 billion notes at 99.252 to yield 23 bps over Treasuries

By Paul A. Harris

St. Louis, Oct. 15 - The Asian Development Bank sold $1 billion of 4¼% 10-year global bonds Friday at 99.252 to yield 23 basis points over the 4.25% U.S. Treasury note due August 2014, according to a syndicate source.

Citigroup, Daiwa SMBC and UBS Investment Bank ran the books. The co-managers were Credit Suisse First Boston, Goldman Sachs & Co., HSBC, JP Morgan, Morgan Stanley and Nomura International.

Proceeds will be used to fund projects in member countries.

Asian Development Bank is a Manila-based multilateral development finance institution.

Issuer:	Asian Development Bank
Issue:	Global bonds
Amount:	$1 billion
Maturity:	Oct. 20, 2014
Bookrunners:	Citigroup, Daiwa SMBC, UBS Investment Bank
Co-managers:	Credit Suisse First Boston, Goldman Sachs & Co., HSBC, JP Morgan, Morgan Stanley, Nomura International
Coupon:	4¼%
Price:	99.252
Yield:	23 basis points over the 4.25% Treasury due August 2014
Pricing date:	Oct. 15
Settlement date:	Oct. 20

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