By Christine Van Dusen
Atlanta, April 20 – Philippines-based Asian Development Bank released details on its new issue of $3.5 billion notes due 2018 and 2026 (Aaa/AAA).
The bank sold $2.5 billion of 7/8% two-year notes at 99.83 to yield 20 basis points over Treasuries.
A $1 billion tranche of 2% 10-year notes priced at 99.335 to yield 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
|
| Settlement date: | April 26
|
| Ratings: | Moody’s: Aaa
|
| Standard & Poor’s: AAA
|
| Two-year notes
|
| Amount: | $2.5 billion
|
| Maturity: | April 26, 2018
|
| Coupon: | 7/8%
|
| Price: | 99.83
|
| Spread: | Treasuries plus 20 bps
|
|
|
| 10-year notes
|
| Amount: | $1 billion
|
| Maturity: | April 24, 2026
|
| Coupon: | 2%
|
| Price: | 99.335
|
| Spread: | Treasuries plus 27.95 bps
|
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