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-Asian Development Bank plans USD2.75bn bond issuance.

Global Banking News-February 17, 2011--Asian Development Bank plans USD2.75bn bond issuance(C)2011 ENPublishing -

Global Banking News - 17 February 2011

Asian Development Bank (ADB) is planning to issue a USD2.75bn five-year global benchmark bond in the US.

The bonds, which will mature on March 15, 2016, carry a coupon rate of 2.50 percent and were priced at 99.603 percent to yield 24.65 basis points over the comparable two percent US Treasury notes due January 2016. The proceeds from the bond issue will be part of the bank's Ordinary Capital Resources and used in its non-concessional operations.

Goldman Sachs International (NYSE: GS), HSBC Holdings Plc (LSE: HSBA) (NYSE: HBC) (HKG: 0005), JP Morgan (NYSE: JPM) and RBC Capital Markets (LSE: RY) (TSX: RY) have lead-managed the transaction. A syndicate group was also formed consisting of Bank of America Merrill Lynch (NYSE: BAC), Credit Suisse Group AG (NYSE: CS) (ZHR: CSGN) (CSGN.VX), Daiwa Securities (TYO: 8601) (FRA: 8601), Deutsche Bank (NYSE: DB) (DBK.DE), Morgan Stanley (NYSE: MS), Nomura Holdings Inc (NYSE: NMR) (TYO: 8604) (AMS: 8604), Royal Bank of Scotland Group (RBS) (LSE: RBS) (NYSE: RBS-PP), TD Securities (NYSE: TD) (TSX: TD) and UBS AG (NYSE: UBS) (ZHR: UBSN) (UBSN.VX).

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Date:Feb 17, 2011
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