"We are pleased with the transaction and the consistent sponsorship from investors globally which allowed us to upsize the transaction to $2 billion, said ADB Treasurer Pierre Van Peteghem.
The 5-year bond, with a coupon rate of 1.625% per annum payable semiannually and a maturity date of 26 August 2020, was priced at 99.461% to yield 16.1 basis points over the 1.625% US Treasury notes due July 2020.
The transaction was lead-managed by Bank of America Merrill Lynch, Goldman Sachs, JP Morgan and RBC. A syndicate group was also formed consisting of BNP Paribas, Citi, Credit Suisse, Daiwa, DBS Bank, Deutsche Bank, HSBC, Morgan Stanley, Nomura, and TD Securities.
The issue achieved wide primary market distribution with 34% of the bonds placed in Asia, 25% in Europe, Middle East and Africa and 41% in the Americas. By investor type, 53% of the bonds went to central banks and official institutions, 38% to banks, and 9% to fund managers and other types of investors.
ADB plans to raise around $19 billion from the capital markets in 2015.
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