Asian Development Bank (ADB) returned to the United States (US) dollar bond market with the pricing of a 3-year global benchmark bond worth $3 billion and a 10-year global benchmark bond worth $1 billion, proceeds of which will be part of ADB’s ordinary capital resources.
The 3-year bond, with a coupon rate of 2.875% per annum payable semi-annually and a maturity date of 6 May 2025, was priced at 99.882% to yield 12.625 basis points over the 2.625% US Treasury notes due April 2025, according to ADB press statement received here Thursday.
On the 10-year issue, 46% of the bonds were placed in Asia; 38% in Europe, Middle East, and Africa; and 16% in the Americas. —APP
