New Issue: Asian Development Bank sells $4 billion 1 5/8% three-year notes at 23.2 bps spread

By Colin Hanner

Chicago, April 27 – The Asian Development Bank priced $4 billion of 1 5/8% three-year notes at 99.776, the company said.

The issue will yield a spread of 23.2 basis points over the 1.5% U.S. Treasury note due April 2020.

BMO Capital Markets, Citi, Deutsche Bank and RBC Capital Markets were lead managers for the deal.

Proceeds will go toward ADB’s ordinary capital resources.

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
Description:	Notes
Amount:	$4 billion
Maturity:	May 5, 2020
Coupon:	1 5/8%
Price:	99.776
Spread:	23.2 basis points
Trade date:	April 27
Settlement date:	May 5
Lead managers:	BMO Capital Markets, Citi, Deutsche Bank and RBC Capital Markets
Co-managers:	BNP Paribas, CACIB, Daiwa Securities, HSBC, ING, J.P. Morgan, Mizuho International, Nomura, TD Securities and Wells Fargo

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