New Issue: Asian Development Bank prices $1.15 billion floaters due 2020 at par

By Christine Van Dusen

Atlanta, Feb. 26 – Asian Development Bank priced $1.15 billion of floating-rate notes due Feb. 26, 2020 at par to yield Libor plus 32 basis points, according to a company filing.

BNP Paribas, BofA Merrill Lynch and Morgan Stanley were the bookrunners for the deal.

Asian Development Bank is based in Manila, Philippines, and works to reduce poverty in Asia and the Pacific through inclusive economic growth, environmentally sustainable growth and regional integration.

Issuer:	Asian Development Bank
Amount:	$1.15 billion
Maturity:	Feb. 26, 2020
Description:	Floating-rate senior notes
Bookrunners:	BNP Paribas, BofA Merrill Lynch, Morgan Stanley
Coupon:	Libor plus 32 bps
Price:	Par
Yield:	Libor plus 32 bps
Trade date:	Feb. 24
Settlement date:	Feb. 26

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