Published on 2/16/2011 in the Prospect News Emerging Markets Daily and Prospect News Investment Grade Daily.
New Issue: Philippines' Asian Development Bank sells $2.75 billion 2½% notes due 2016 at 99.603
By Christine Van Dusen
Atlanta, Feb. 16 - Philippines-based Asian Development Bank sold $2.75 billion 2½% notes due March 15, 2016 at 99.603 to yield Treasuries plus 24.65 basis points, according to a company announcement.
Goldman Sachs International, HSBC, JPMorgan and RBC Capital Markets were the bookrunners for the deal.
Asian Development Bank is an international development finance institution based in Manila.
| Issuer: | Asian Development Bank
|
| Amount: | $2.75 billion
|
| Maturity: | March 15, 2016
|
| Description: | Notes
|
| Bookrunners: | Goldman Sachs International, HSBC, JPMorgan, RBC Capital Markets
|
| Coupon: | 2½%
|
| Price: | 99.603
|
| Spread: | Treasuries plus 24.65 bps
|
| Trade date: | Feb. 14
|
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