Islamabad: Asian Development Bank (ADB) announced a 2-year global assessment of US$3.5 billion, the proceeds of which will be part of ADB’s regular capital resources.
ADB Treasury Secretary Pierre Van Peteghem said in a press release: “We are grateful for the continued support of our investor community, which led to an order book of more than $9 billion and allowed us to spend $3.5 billion globally over two years.” released.
“This will help support the EU’s commitment to achieving a prosperous, inclusive, stable and sustainable Asia and the Pacific,” Petegham said.
The two-year bond, with an annual coupon rate of 4.875% paid annually and a maturity date of May 21, 2026, is priced at 99.904% to print 4.975% on the April 2026 US Treasury note.
The agreement was signed by Credit Agricole CIB, Deutsche Bank, J.P. Managed by Morgan and Nomura.
This issue reached widespread market distribution, with 51% being deployed in America; 38% in Europe, the Middle East and Africa; and 11% in Asia. Based on the type of investors, 66% went to the central bank and government agencies, 19% to banks, and 15% to fund managers and other investors.
ADB plans to raise approximately $30 billion to $34 billion from capital markets in 2024.
