MANILA, August 24 — The Asian Development Bank (ADB) yesterday priced a five-year global bond of US$4 billion (RM18 billion), as part of the multilateral lender’s ordinary capital resources, the Manila-based bank said today, reported Xinhua.
The bond, with a coupon rate of 4.50 per cent per annum payable semi-annually and a maturity date of August 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,” ADB Treasurer Pierre Van Peteghem said.
The ADB plans to raise US$28 to US$30 billion (RM130 billion to RM139 billion) from the capital markets in 2023. — Bernama-Xinhua
