MANILA, Aug. 24 — The Asian Development Bank (ADB) on Wednesday priced a five-year global bond of US$4 billion (RM 19.58 billion), as part of the multilateral lender’s ordinary capital resources, the Manila-based bank said on Thursday, reported Xinhua.
The bond, with a coupon rate of 4.50 per cent per annum payable semi-annually and a maturity date of Aug. 25, 2028, was priced at 99.961 per cent to yield 14.60 basis points over the United States Treasury notes due July 2028.
The issue achieved wide primary market distribution, with 53 per cent of the bonds placed in Europe, the Middle East, and Africa, 29 per cent in the Americas, and 18 per cent in Asia.
“We appreciate the strong and consistent support of our investors as seen from our most recent benchmark issuance,” said ADB Treasurer Pierre Van Peteghem.
The ADB plans to raise between US$28 and US$30 billion from the capital markets in 2023.
— Bernama-Xinhua
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