Published on 3/12/2013 in the Prospect News Agency Daily, Prospect News Emerging Markets Daily and Prospect News Investment Grade Daily.
New Issue: Philippines' ADB sells $2.5 billion 0.5% notes due 2016 to yield mid-swaps minus 4 bps
By Christine Van Dusen
Atlanta, March 12 - Philippines-based Asian Development Bank sold $2.5 billion 0.5% notes due June 20, 2016 (Aaa/AAA/AAA) at 99.833 to yield mid-swaps minus 4 basis points, a market source said.
The notes were talked at the mid-swaps minus 3 bps area.
BNP Paribas, Citigroup, HSBC and JPMorgan were the bookrunners for the deal.
ADB is a lender based in Manila.
| Issuer: | Asian Development Bank
|
| Amount: | $2.5 billion
|
| Maturity: | June 20, 2016
|
| Description: | Notes
|
| Bookrunners: | BNP Paribas, Citigroup, HSBC, JPMorgan
|
| Coupon: | 0.5%
|
| Price: | 99.833
|
| Spread: | Mid-swaps minus 4 bps
|
| Trade date: | March 12
|
| Settlement date: | March 19
|
| Ratings: | Moody's: Aaa
|
| Standard & Poor's: AAA
|
| Fitch: AAA
|
| Price talk: | Mid-swaps minus 3 bps area
|
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