BAKU, Azerbaijan, January 8. The Asian
Development Bank (ADB) has priced a $3.5 billion 10-year U.S.
dollar global benchmark bond, with proceeds to be used as part of
the lender’s ordinary capital resources, Trend reports citing
the bank.
The bond carries a coupon of 4.250% per annum, payable
semi-annually, and matures on Jan. 14, 2036. It was priced at
99.831% to yield 9.2 basis points over U.S. Treasury notes due
November 2035.
The transaction was lead-managed by Crédit Agricole CIB, J.P.
Morgan, Morgan Stanley and Wells Fargo Securities.
The issue saw broad geographic distribution, with 16% allocated
to Asia, 58% to Europe, the Middle East and Africa, and 26% to the
Americas. By investor type, 41% of the bonds were placed with
central banks and official institutions, 23% with banks, and 36%
with fund managers and other investors.
ADB said the proceeds would support its lending operations
across Asia and the Pacific, including financing for
infrastructure, climate-related projects and social development
initiatives.
The Manila-headquartered lender is rated AAA by major credit
rating agencies and is one of the world’s largest supranational
borrowers. It plans to raise about $40 billion to $45 billion from
the capital markets in 2026.
Founded in 1966, ADB supports inclusive and sustainable economic
growth across Asia and the Pacific and is owned by 69 member
countries, including 50 from the region.
