MANILA, Jan 28 (NNN-PNA) – The Asian Development Bank (ADB), announced today, it priced a 4.5-billion-U.S. dollar five-year global bond, proceeds of which will be part of ADB’s ordinary capital resources.
The Manila-based bank said, the five-year bond, with a coupon rate of 0.5 percent per annum, payable semi-annually and a maturity date of Feb 4, 2026, was priced at 99.759 percent, to yield 14.43 basis points over the 0.375 percent U.S. Treasury notes, due Jan, 2026.
ADB said, the transaction was lead-managed by Bank of America Securities, Citi, HSBC, and Morgan Stanley.
A syndicate group was also formed, consisting of Daiwa Capital Markets, Danske Bank, Mizuho Securities, Natwest Markets, and Swedbank.
ADB said, the issue achieved wide primary market distribution, with 38 percent of the bonds placed in Asia, 32 percent in Europe, Middle East, and Africa, and 30 percent in the Americas.
By investor type, ADB said, 52 percent of the bonds went to central banks and official institutions, 33 percent to banks, and 15 percent to fund managers and other types of investors.
ADB plans to raise around 30 billion to 35 billion U.S. dollars from the capital markets in 2021.
