By Susanna Moon
Chicago, April 11 – Asian Development Bank priced another $100 million tap of its $500 million floating-rate notes due Dec. 15, 2021 at par.
Nomura International plc, London Branch is the stabilizing manager, according to a notice.
As announced Jan. 22, the bank priced a $100 million tap of its $500 million floating-rate notes due Dec. 15, 2021 at par, which brought the issue size to $600 million.
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: | April 11
|
| Distribution: | Regulation S
|
| Total deal size: | $700 million, including $600 million priced previously
|
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