Chicago, Aug. 16 – Asian Development Bank (Aaa/AAA/AAA) priced $4.5 billion of five-year global notes on Tuesday, according to information from a market source.
The notes priced with a 3 1/8% coupon at 99.982 to yield 3.129%, or at a spread of 40 basis points over SOFR mid-swaps.
Guidance was in the SOFR mid-swaps plus 42 bps area.
The stabilization offer price is 99.857.
Bank of Montreal, London Branch, BNP Paribas, Citigroup and TD Securities are listed as bookrunners with TD handling billing and delivery.
Books closed in excess of $9.6 billion excluding joint lead manager interest.
The notes will be listed on the Luxembourg Stock Exchange.
Based in Manila, ADB provides financing for projects aimed at reducing poverty in Asia and the Pacific.
| Issuer: | Asian Development Bank
|
| Amount: | $4.5 billion
|
| Issue: | Global notes
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| Maturity: | Aug. 20, 2027
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| Bookrunners: | Bank of Montreal, London Branch, BNP Paribas, Citigroup and TD Securities
|
| Coupon: | 3 1/8%
|
| Price: | 99.982
|
| Yield: | 3.129%
|
| Spread: | SOFR mid-swaps plus 40 bps
|
| Trade date: | Aug. 16
|
| Settlement date: | Aug. 23
|
| Distribution: | Non-registered
|
| Price talk: | SOFR mid-swaps plus 42 bps area
|
| ISIN: | US045167FP34
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