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Philippines’ ADB plans 10-year benchmark of dollar-denominated notes
By Rebecca Melvin
New York, Oct. 24 – Philippines-based Asian Development Bank plans to price a 10-year benchmark offering of dollar-denominated notes, according to a market source.
The notes are being sold by J.P. Morgan Securities plc as stabilization coordinator and Citigroup, Daiwa and HSBC as stabilization managers.
The issue are expected to be listed on the Luxembourg exchange.
Asian Development Bank is a Mandaluyong, Philippines-based regional development bank.
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