By Rebecca Melvin
New York, July 24 – Asian Development Bank sold KZT 15.4 billion five-year bonds by way of subscription through the Kazakhstan Stock Exchange, according to a news release.
The floating-rate bond issue was oversubscribed, and the coupon is based on an inflation-rate index plus a margin of 37.5 basis points.
Tengri Capital MB acted as seller during the subscription of the bonds.
The bonds are callable on July 30, 2022 and thereafter on each subsequent interest payment date.
The issuer is a development bank based in Manila.
| Issuer: | Asian Development Bank
|
| Issue: | Notes
|
| Amount: | KZT 15.4 billion
|
| Maturity: | July 30, 2024
|
| Manager: | Tengri Capital MB
|
| Coupon: | Inflation-rate index plus 37.5 bps
|
| Calls: | On July 30, 2022 and every subsequent interest payment date thereafter
|
| Pricing date: | July 18
|
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