Published on 1/23/2019 in the Prospect News Emerging Markets Daily.
New Issue: Asian Development Bank sells £500 million floaters due 2022
By Rebecca Melvin
New York, Jan. 23 – Philippines’ Asian Development Bank priced £500 million of new three-year floating-rate notes at par on Wednesday to yield 26 basis points over the Sterling overnight index average, according to a syndicate source.
HSBC, RBC Capital Markets and TD Bank are bookrunners for the Regulation S deal.
The issuer is a development bank based in Manila.
Issuer: | Asian Development Bank
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Issue: | Floating-rate notes
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Amount: | £500 million
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Maturity: | Feb. 1, 2022
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Lead managers: | HSBC, RBC Capital Markets and TD Bank
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Coupon: | SONIA plus 26 bps
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Price: | Par
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Yield | SONIA plus 26 bps
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Pricing date: | Jan. 23
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Settlement date: | Feb. 1
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Distribution: | Regulation S
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