Safeguard Policy Statement & Strategy 2020 Midterm Review
ADB in the News
Bloomberg
ADB Sells $3.25 Billion 3-Year Global Benchmark Bond
M2 Communications 01/07/2016 4:41 AM ET
MANILA, PHILIPPINES
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The Asian Development Bank (ADB) has
returned to the US dollar bond market with the pricing of a $3.25
billion 3-year global benchmark bond, proceeds of which will be part of
ADB's ordinary capital resources and used in its non-concessional
operations.
"This is a fantastic outcome and represents ADB's largest-ever global
benchmark transaction issued to date. We were definitely pleased by
the level of oversubscription in the order book with investor interest in
excess of $4 billion, testament to the institution's robust credit
fundamentals and loyal global following in the capital markets," said
ADB Treasurer Pierre Van Peteghem.
The 3-year bond, with a coupon rate of 1.375% per annum payable
semi-annually and a maturity date of 15 January 2019, was priced at
99.655% to yield 23.2 basis points over the 1.250% US Treasury notes
due December 2018.
The transaction was lead-managed by Bank of America Merrill Lynch,
HSBC, Morgan Stanley, and TD Securities. A syndicate group was also
formed consisting of BMO Capital Markets, BNP Paribas, Citi, Credit
Agricole, Credit Suisse, Daiwa, Deutsche Bank, J.P. Morgan, Mizuho,
Nomura, RBC Capital Markets, and Standard Chartered.
The issue achieved wide primary market distribution with 35% of the
bonds placed in Asia, 34% in Europe, Middle East, and Africa, and 31%
in the Americas. By investor type, 68% of the bonds went to central
banks and official institutions, 20% to banks, and 12% to fund
managers and other types of investors.
ADB plans to raise around $20 billion from the capital markets in
2016.
ADB, based in Manila, is dedicated to reducing poverty in Asia and the
Pacific through inclusive economic growth, environmentally
sustainable growth, and regional integration. Established in 1966, it is
owned by 67 members - 48 from the region.
Bloomberg
ADB $2 Billion 5-Year Global Benchmark Issue
M2 Communications 08/20/2015 3:41 AM ET
MANILA, PHILIPPINES
The Asian Development Bank (ADB)
returned to the US dollar bond market yesterday with the pricing
of a $2 billion 5-year global benchmark bond issue, proceeds of
which will be part of ADB's ordinary capital resources and used in
its non-concessional operations.
"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.
ADB, based in Manila, is dedicated to reducing poverty in Asia
and the Pacific through inclusive economic growth,
environmentally sustainable growth, and regional integration.
Established in 1966, it is owned by 67 members - 48 from the
region. In 2014, ADB assistance totaled $22.9 billion, including
cofinancing of $9.2 billion.
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