By Cristal Cody
Eureka Springs, Ark., April 19 – Asian Development Bank priced $3.5 billion of notes (Aaa/AAA) in two tranches on Tuesday, according to a market source.
The bank sold $2.5 billion of 0.875% two-year notes at 20 basis points over Treasuries.
A $1 billion tranche of 2% 10-year notes priced at 27.95 bps over Treasuries.
BofA Merrill Lynch, BNP Paribas Securities Corp., Goldman Sachs & Co. and Mizuho Securities USA Inc. were the lead managers.
Asian Development Bank is a Mandaluyong, Philippines-based regional development bank.
Issuer: | Asian Development Bank
|
Amount: | $3.5 billion
|
Securities: | Notes
|
Bookrunners: | BofA Merrill Lynch, BNP Paribas Securities Corp., Goldman Sachs & Co., Mizuho Securities USA Inc.
|
Trade date: | April 19
|
Ratings: | Moody’s: Aaa
|
| Standard & Poor’s: AAA
|
|
Two-year notes
|
Amount: | $2.5 billion
|
Maturity: | April 26, 2018
|
Coupon: | 0.875%
|
Spread: | Treasuries plus 20 bps
|
|
10-year notes
|
Amount: | $1 billion
|
Maturity: | April 24, 2026
|
Coupon: | 2%
|
Spread: | Treasuries plus 27.95 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.