ADB sells $3.5bn 5-year global benchmark bond

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The Asian Development Bank (ADB) returned to the US dollar bond market with the pricing of a $3.5 billion 5-year global benchmark bond, proceeds of which will be part of ADB’s ordinary capital resources.

“We are pleased with the support from our investors across regions in our first global benchmark of the year,” said ADB Treasurer Pierre Van Peteghem in a statement on Wednesday.

Peteghem added, “With an orderbook of over $5 billion, we are able to raise $3.5 billion in additional resources as we assist our developing member countries in overcoming the health, social, and economic impact of the pandemic.”—TLTP

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