Asian Development Bank to sell five-year dollar bonds this week talked at 19 bps over mid-swaps

By Christine Van Dusen

Atlanta, Feb. 8 – Philippines’ Asian Development Bank set initial talk in the mid-swaps plus 19 basis points area for a dollar-denominated offering of five-year notes, a market source said.

BofA Merrill Lynch, HSBC, Morgan Stanley and TD Securities are the bookrunners for the deal, which is expected to price this week.

ADB, based in Manila, focuses on reducing poverty in Asia and the Pacific through economic growth, environmentally sustainable growth and regional integration.

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