Safeguard Policy Statement & Strategy 2020 Midterm Review

ADB in the Onshore/Offshore RMB Market ☐ ☐ Year of Maturity In 2005, ADB issued its inaugural RMB 1.0bn onshore RMB bonds (the "Panda Bonds") in China. ADB is the first foreign issuer in the onshore RMB market. In 2010, ADB successfully launched its first offshore RMB bonds (the "Dimsum Bonds") with a principal amount of RMB 1.2bn with a 10-year maturity, extending the yield curve for the offshore RMB market. To date, ADB has RMB 3.5bn outstanding bonds, of which RMB 2.5bn are issued offshore. 2020 2019 Offshore Onshore 1.2 AMOUNT COUPON MATURITY RMB1.2 bn 2.85% Oct 2020 1.0 RMB1.0 bn 4.20% Dec 2019 RMB1.3 bn 3.20% Nov 2019 1.3 RMB bn 0.0 0.2 0.4 0.6 0.8 1.0 1.2 1.4 2019 29 29

View entire presentation