ADB sells 3.5 bln USD 2-year global benchmark bond-Xinhua

ADB sells 3.5 bln USD 2-year global benchmark bond

Source: Xinhua| 2024-05-15 20:46:00|Editor: huaxia

MANILA, May 15 (Xinhua) -- The Asian Development Bank (ADB) on Wednesday said that it priced a two-year global benchmark U.S. dollar bond worth 3.5 billion dollars, proceeds of which will be part of the bank's ordinary capital resources.

The two-year bond, with a coupon rate of 4.875 percent per annum payable semi-annually and a maturity date of May 21, 2026, was priced at 99.904 percent to yield 9.9 basis points over the 4.875 percent U.S. Treasury notes due April 2026.

The transaction was lead-managed by Credit Agricole CIB, Deutsche Bank, J.P. Morgan, and Nomura.

The ADB said the issue achieved wide primary market distribution, with 51 percent placed in the Americas; 38 percent in Europe, the Middle East, and Africa; and 11 percent in Asia.

By investor type, 66 percent went to central banks and official institutions, 19 percent to banks, and 15 percent to fund managers and other types of investors.

The ADB said it plans to raise about 30 billion-34 billion dollars from the capital markets in 2024.