By Rebecca Melvin
New York, May 15 – The Philippines’ Asian Development Bank priced €1.25 billion of 0.2% five-year notes at 99.866 on Tuesday to yield 0.227%, or mid-swaps plus 22 basis points, according to a syndicate source.
The notes were sold by BNP Paribas, Citigroup, Credit Agricole CIB (billing and delivery) and Goldman Sachs International.
The issue is expected to be listed on the Luxembourg exchange.
Based in Manila, ADB provides financing for projects aimed at reducing poverty in Asia and the Pacific.
| Issuer: | Asian Development Bank
|
| Issue: | Bonds
|
| Amount: | €1.25 billion
|
| Maturity: | May 25, 2023
|
| Bookrunners: | BNP Paribas, Citigroup, Credit Agricole CIB (billing and delivery) and Goldman Sachs International
|
| Coupon: | 0.2%
|
| Price: | 99.866
|
| Yield: | 0.227%
|
| Spread: | Mid-swaps plus 22 bps
|
| Trade date: | May 15
|
| Settlement date: | May 25
|
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