By Jennifer Chiou
New York, Nov. 16 - Asian Development Bank said it priced A$450 million of 51/2-year bonds.
The 6% bonds, which mature on May 24, 2012, were priced on Nov. 15 at 99.942 to yield 24 basis points over the 5.75% ACGB due June 2011.
The lead managers were Commonwealth Bank of Australia and RBC Capital Markets.
The bonds were issued off the bank's A$5 billion medium-term note program and 61% of the securities were placed domestically.
Asian Development Bank is a Manila-based multilateral development finance institution. It said that proceeds will be used for capital resources.
| Issuer: | Asian Development Bank
|
| Issue: | Bonds
|
| Amount: | A$450 million
|
| Coupon: | 6%
|
| Maturity: | May 24, 2012
|
| Price: | 99.942
|
| Spread: | 24 bps
|
| Pricing date: | Nov. 15
|
| Lead managers: | Commonwealth Bank of Australia, RBC Capital Markets
|
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