The ADB (Asian Development Bank) has recently issued several USD bonds, at a pricing of 1 billion dollars, a 99.485% discount rate. According to ADB, these ten-year global benchmark bonds will be utilized by the bank to boost its resources for non-concessional operations.

The bond transaction was led by financial institutions Daiwa, Deutsche Bank, and Morgan Stanley, and entails a coupon rate of 5.25 percent per annum, payable semi-annually, along with a maturity date set at June 12, 2007. The ADB has raised more than USD 5 billion within 11 countries via various transactions, including the new US dollar benchmark transaction, two public bond issues in Canadian dollars and Pound sterling, and four local currency bond issues in Hong Kong, Malaysia, Philippines, and Singapore.

Continue reading “MICROCAPITAL STORY: Asian Development Bank Issues USD 1 Billion Dollar Bonds”