Published on 2/10/2017 in the Prospect News Emerging Markets Daily.
New Issue: Asian Development Bank sells $3.75 billion 2% notes due 2022 at 99.434
By Christine Van Dusen
Atlanta, Feb. 10 – Philippines’ Asian Development Bank priced $3.75 billion 2% five-year notes at 99.434 to yield Treasuries plus 26.95 basis points on Friday, according to a company announcement.
BofA Merrill Lynch, HSBC, Morgan Stanley and TD Securities were the bookrunners for the deal.
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: | $3.75 billion
|
| Maturity: | Feb. 16, 2022
|
| Description: | Notes
|
| Bookrunners: | BofA Merrill Lynch, HSBC, Morgan Stanley, TD Securities
|
| Coupon: | 2%
|
| Price: | 99.434
|
| Spread: | Treasuries plus 26.95 bps
|
| Trade date: | Feb. 10
|
| Settlement date: | Feb. 16
|
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