ADB Sells $5 Billion Dual-Tranche 3- and 7-Year Global Benchmark Bonds
Philippines, Sept. 24 -- The Asian Development Bank (ADB) yesterday priced a 3-year global benchmark United States (US) dollar bond worth $3 billion and a 7-year global benchmark US dollar bond worth $2 billion, proceeds of which will become part of ADB's ordinary capital resources. The 3-year bond, with a coupon rate of 4.875% per annum payable semi-annually and a maturity date of 2 October 2029, was priced at 99.671% to yield 5.7 basis points over the 4.375% US Treasury notes due September 2029.The 7-year bond, with a coupon rate of 5% per annum payable semi-annually and a maturity date of 30 September 2033, was priced at 99.476% to yield 7.3 basis points over the 4.5% US Treasury notes due August 2033.The transaction was lead-managed by ...
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