By Angela McDaniels
Seattle, Sept. 15 - Asian Development Bank said it priced 6.5 billion Thai baht of bonds in two tranches: 5.5 billion baht of 5.34% bonds due 2011 and 1 billion baht of 5.54% bonds due 2016.
The bonds were priced on Thursday using the interpolated Thai government bond curve plus 20 basis points for the five-year bonds and 25 bps for the 10-year bonds, according to a bank news release.
The lead arrangers were Standard Chartered Bank (Thai) PCL and Bank of Ayudhya PCL.
The bank said the bonds, released under its new $10 billion Asian-currency note program, will help enhance liquidity in the cross-currency swap market, particularly as the bank plans to undertake currency swap transactions for asset and liability management purposes.
Asian Development Bank is a Manila-based multilateral development finance institution.
| Issuer: | Asian Development Bank
|
| Amount: | 6.5 billion baht
|
| Issue: | Asian currency notes
|
| Pricing date: | Sept. 14
|
| Lead arrangers: | Standard Chartered Bank (Thai) PCL, Bank of Ayudhya PCL
|
|
|
| Five-year tranche
|
| Amount: | 5.5 billion baht
|
| Coupon: | 5.34%
|
| Maturity: | 2011
|
| Spread: | Interpolated Thai government bond curve plus 20 bps
|
|
|
| Ten-year tranche
|
| Amount: | 1 billion baht
|
| Coupon: | 5.54%
|
| Maturity: | 2016
|
| Spread: | Interpolated Thai government bond curve plus 25 bps
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
