By Cristal Cody
Eureka Springs, Ark., April 19 – Asian Development Bank priced $3.5 billion of notes (Aaa/AAA) in two tranches on Tuesday, according to a market source.
The bank sold $2.5 billion of 0.875% two-year notes at 20 basis points over Treasuries.
A $1 billion tranche of 2% 10-year notes priced at 27.95 bps over Treasuries.
BofA Merrill Lynch, BNP Paribas Securities Corp., Goldman Sachs & Co. and Mizuho Securities USA Inc. were the lead managers.
Asian Development Bank is a Mandaluyong, Philippines-based regional development bank.
| Issuer: | Asian Development Bank
|
| Amount: | $3.5 billion
|
| Securities: | Notes
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| Bookrunners: | BofA Merrill Lynch, BNP Paribas Securities Corp., Goldman Sachs & Co., Mizuho Securities USA Inc.
|
| Trade date: | April 19
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| Ratings: | Moody’s: Aaa
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| Standard & Poor’s: AAA
|
|
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| Two-year notes
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| Amount: | $2.5 billion
|
| Maturity: | April 26, 2018
|
| Coupon: | 0.875%
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| Spread: | Treasuries plus 20 bps
|
|
|
| 10-year notes
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| Amount: | $1 billion
|
| Maturity: | April 24, 2026
|
| Coupon: | 2%
|
| Spread: | Treasuries plus 27.95 bps
|
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