Philippines' Asian Development Bank plans four-tranche bond issue due 2014 to 2017

By Christine Van Dusen

Atlanta, Sept. 1 - Philippines-based Asian Development Bank is planning a four-tranche issue of Australian dollar- and Turkish lira-denominated bonds due between 2014 and 2017, according to a company announcement.

The bookrunner for the Clean Energy Bond, which is targeted at Japanese retail investors, is HSBC Securities.

Proceeds will be used to support clean energy projects in Asia and the Pacific.

Asian Development Bank is an international development finance institution based in Manila.

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