ADB prices $4b global bond due ’30

The Asian Development Bank (ADB) has set the price for a $4 billion 5-year global bond, with the proceeds to be included in ADB’s ordinary capital resources.

“We are very pleased with ADB’s third fixed rate global benchmark issue of the year,” said ADB Treasurer Tobias Hoschka.

The 5-year bond has a coupon rate of 4.125 per cent per annum, paid semi-annually, and matures on 30 May 2030. It was priced at 99.812 per cent to yield 6.1 basis points above the 3.875 per cent United States Treasury notes maturing in April 2030.

The transaction was lead-managed by BNP Paribas, Crédit Agricole CIB, RBC Capital Markets and Wells Fargo Securities.

The issue was widely distributed in the primary market, with 39 per cent in Europe, the Middle East, and Africa; 38 per cent in the Americas; and 23 per cent in Asia.

Central banks and official institutions received 42 per cent, banks 38 per cent, and fund managers and other investors 20 per cent.

Attribution: Amwal Al Ghad English
Subediting: M. S. Salama