Published on 1/11/2012 in the Prospect News Agency Daily, Prospect News Emerging Markets Daily and Prospect News Investment Grade Daily.
New Issue: Asian Development Bank prices $3 billion 1 1/8% notes due 2017 to yield 1.152%
By Christine Van Dusen
Atlanta, Jan. 11 - Philippines-based Asian Development Bank priced a $3 billion issue of 1 1/8% notes due March 15, 2017 at 99.866 to yield 1.152%, or Treasuries plus 31.1 basis points, according to a company announcement.
Goldman Sachs, JPMorgan, Morgan Stanley and RBC Capital Markets were the bookrunners for the deal.
Proceeds will be used for ordinary capital resources.
Asian Development Bank is a lender based in Manila, the Philippines.
| Issuer: | Asian Development Bank
|
| Amount: | $3 billion
|
| Maturity: | March 15, 2017
|
| Description: | Notes
|
| Bookrunners: | Goldman Sachs, JPMorgan, Morgan Stanley, RBC Capital Markets
|
| Coupon: | 1 1/8%
|
| Price: | 99.866
|
| Yield: | 1.152%
|
| Spread: | Treasuries plus 31.1 bps
|
| Trade date: | Jan. 10
|
| Settlement date: | Jan. 15
|
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