Published on 5/23/2012 in the Prospect News Agency Daily, Prospect News Emerging Markets Daily and Prospect News Investment Grade Daily.
New Issue: Philippines' Asian Development Bank sells $1.25 billion 0.5% notes due 2015
By Christine Van Dusen
Atlanta, May 23 - Philippines' Asian Development Bank priced a $1.25 billion issue of 0.5% notes due Aug. 17, 2015 (Aaa/AAA/AAA) at 99.666 to yield 0.605%, or mid-swaps plus 19.55 basis points, a market source said.
Credit Suisse, Deutsche Bank, HSBC and Nomura were the bookrunners for the deal.
Asian Development Bank is a lender based in Manila.
Issuer: | Asian Development Bank
|
Amount: | $1.25 billion
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Maturity: | Aug. 17, 2015
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Description: | Notes
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Bookrunners: | Credit Suisse, Deutsche Bank, HSBC, Nomura
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Coupon: | 0.5%
|
Price: | 99.666
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Yield: | 0.605%
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Spread: | Mid-swaps plus 19.55 bps
|
Trade date: | May 22
|
Ratings: | Moody's: Aaa
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| Standard & Poor's: AAA
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| Fitch: AAA
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