By Christine Van Dusen
Atlanta, April 27 - Philippines' Asian Development Bank priced an A$400 million add-on of 6¼% notes due March 5, 2020 at 99.104 to yield 6.3725%, according to a company filing.
The notes will be consolidated to form a single series with the A$600 million 6¼% notes due March 5, 2020 that were issued on March 5.
Commonwealth Bank of Australia, RBC and Toronto-Dominion Bank were the bookrunners for the deal.
Proceeds will be used for capital resources and ordinary operations.
Asian Development Bank is an international development finance institution based in Manila.
| Issuer: | Asian Development Bank
|
| Amount: | A$400 million
|
| Maturity: | March 5, 2020
|
| Description: | Add-to 6¼% notes
|
| Bookrunners: | Commonwealth Bank of Australia, RBC, Toronto-Dominion Bank
|
| Coupon: | 6¼%
|
| Price: | 99.104
|
| Yield: | 6.3725%
|
| Pricing date: | April 22
|
| Settlement: | April 27
|
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