Published on 7/26/2018 in the Prospect News Emerging Markets Daily.
New Issue: Asian Development Bank prices £150 million tap of 1 3/8% notes due 2023 at 99.592
By Rebecca Melvin
New York, July 26 – Philippines’ Asian Development Bank has priced a £150 million tap of its 1 3/8% notes due Dec. 15, 2023 at 99.592, according to a news release.
RBC Capital Markets and Nomura International plc, London branch are bookrunners for the offering, which will be consolidated to form one issue with £450 million of existing notes. The original £250 million of 1 3/8% notes due 2023 priced on March 1, with additional notes in the same series priced on June 15 and July 10.
The issuer is a development bank based in Manila.
| Issuer: | Asian Development Bank
|
| Issue: | Notes
|
| Amount: | £150 million
|
| Maturity: | Dec. 15, 2023
|
| Lead managers: | RBC Capital Markets and Nomura International plc, London branch
|
| Coupon: | 1 3/8%
|
| Price: | 99.592
|
| Announcement date: | July 26
|
| Settlement date: | Aug. 6
|
| Total issue size: | £600 million
|
| Original issue: | £250 million priced on March 1, 2018
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
