By Rebecca Melvin
New York, Jan. 22 – The Philippines’ Asian Development Bank priced a $100 million tap of its $500 million floating-rate notes due Dec. 15, 2021 at par, according to a regulatory release.
The additional notes bring the issue size up to $600 million.
Nomura was stabilizing coordinator of the Regulation S tap. Citigroup was bookrunner of the original offering.
Based in Manila, ADB provides financing for projects aimed at reducing poverty in Asia and the Pacific.
| Issuer: | Asian Development Bank
|
| Issue: | Floating-rate notes
|
| Amount: | $100 million
|
| Maturity: | Dec. 15, 2021
|
| Stabilization coordinator: | Nomura
|
| Price: | Par
|
| Pricing date: | Jan. 22
|
| Distribution: | Regulation S
|
| Total deal size: | $600 million, including $500 million priced previously
|
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