Published on 3/26/2014 in the Prospect News Emerging Markets Daily.
New Issue: Asian Development Bank prices €1.5 billion 3/8% three-year notes
By Christine Van Dusen
Atlanta, March 26 - Philippines-based Asian Development Bank printed €1.5 billion 3/8% three-year notes at 99.86 to yield Bunds plus 16.9 basis points, according to a company announcement.
BNP Paribas, Deutsche Bank, Goldman Sachs International and HSBC led the deal.
The proceeds will be used for general governmental purposes and non-concessional operations.
The issuer is a Manila-based regional development bank.
| Issuer: | Asian Development Bank
|
| Amount: | €1.5 billion
|
| Maturity: | April 3, 2017
|
| Description: | Notes
|
| Bookrunners: | BNP Paribas, Deutsche Bank, Goldman Sachs International, HSBC
|
| Coupon: | 3/8%
|
| Price: | 99.86
|
| Spread: | Bunds plus 16.9 bps
|
| Trade date: | March 25
|
| Settlement date: | April 3
|
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