Islamabad
The Asian Development Bank (ADB) priced a $2 billion 10-year global bond, proceeds of which will be part of ADB’s ordinary capital resources.
“We appreciate the strong support of our investors for this new 10-year global bond issue,” said ADB Treasurer Pierre Van Peteghem in a press release issued by the bank on Thursday.
“This is our second successful outing in the US dollar market this year. The constructive result provides us with more resources to support our developing members in Asia and the Pacific, especially those most affected by the pandemic.”
The 10-year bond, with a coupon rate of 1.5% per annum payable semi-annually and a maturity date of March 4, 2031, was priced at 99.088% to yield 18.35 basis points over the 1.125% US Treasury notes due February 2031.
The transaction was lead-managed by JP Morgan, Nomura, RBC, and TD Securities.—APP
