By Christine Van Dusen
Atlanta, Feb. 2 – Philippines’ Asian Development Bank priced €520 million notes due February 2037 at 99.223 to yield mid-swaps plus 3 basis points on Thursday, according to a company announcement and a market source.
JPMorgan, Citigroup and Deutsche Bank were the bookrunners for the Regulation S deal.
Other details were not immediately available on Thursday.
ADB, based in Manila, focuses on reducing poverty in Asia and the Pacific through economic growth, environmentally sustainable growth and regional integration.
| Issuer: | Asian Development Bank
|
| Amount: | €520 million
|
| Maturity: | February 2037
|
| Description: | Notes
|
| Bookrunners: | JPMorgan, Citigroup, Deutsche Bank
|
| Price: | 99.223
|
| Spread: | Mid-swaps plus 3 bps
|
| Trade date: | Feb. 2
|
| Distribution: | Regulation S
|
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