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Philippines’ ADB sets talk for dual-tranche dollar benchmark notes due 2019, 2026
By Christine Van Dusen
Atlanta, Aug. 8 – Philippines-based Asian Development Bank set talk for a two-tranche issue of dollar-denominated and benchmark-sized notes, a market source said.
The 2019 notes were talked at a spread in the mid-swaps plus 3 basis points area. The 2026 notes were talked in the 33 bps area.
BofA Merrill Lynch, Credit Agricole and JPMorgan are the bookrunners for the deal.
Asian Development Bank is a Mandaluyong, Philippines-based regional development bank.
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