ADB said that the proceeds from the bond issue will be part of the bank’s Ordinary Capital Resources and used in its non-concessional operations.
The bonds carry a coupon rate of 2.50% per annum payable semi-annually and a maturity date of 15 March 2016. They were priced at 99.603% to yield 24.65 basis points over the 2% US Treasury notes due January 2016.
Goldman Sachs International, HSBC, JP Morgan and RBC Capital Markets lead-managed the deal, which marks ADB’s first global issue in the US dollar global bond market in 2011.
A syndicate group was also formed consisting Bank of America Merrill Lynch, Credit Suisse, Daiwa, Deutsche Bank, Morgan Stanley, Nomura, RBS, TD Securities and UBS.
It last issued US dollar bonds with a three-year maturity in June 2010.
ADB plans to raise around $15bn in 2011.
