The Asian Development Bank’s Five Year Global Bond

MANILA, Jan. 28 (Xinhua/APP): The Asian Development Bank (ADB) announced on Thursday that it priced a 4.5-billion-U.S. dollar five-year global bond, proceeds of which will be part of ADB’s ordinary capital resources.

The Manila-based bank said the five-year bond, with a coupon rate of 0.5 percent per annum payable semi-annually and a maturity date of February 4, 2026, was priced at 99.759 percent to yield 14.43 basis points over the 0.375 percent U.S. Treasury notes due January 2026. The ADB said the transaction was lead-managed by Bank of America Securities, Citi, HSBC, and Morgan Stanley.

A syndicate group was also formed consisting of Daiwa Capital Markets, Danske Bank, Mizuho Securities, Natwest Markets, and Swedbank, the ADB said. The ADB said the issue achieved wide primary market distribution with 38 percent of the bonds placed in Asia, 32 percent in Europe, the Middle East, and Africa, and 30 percent in the Americas. By investor type, the ADB said 52 percent of the bonds went to central banks and official institutions, 33 percent to banks, and 15 percent to fund managers and other types of investors. ADB plans to raise around 30 billion to 35 billion U.S. dollars from the capital markets in 2021.

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