June 3, 2021: The Asian Development Bank (ADB) returned to the U.S. dollar bond market with the pricing of a 3-year global benchmark bond worth 4 billion U.S. dollars and a 7-year global benchmark bond worth 1.5 billion U.S. dollars.
“With an orderbook of over 12 billion U.S. dollars, we raised over 5 billion U.S. dollars across the two maturities,” ADB Treasurer Pierre Van Peteghem said in a statement on Thursday.
The Manila-based bank said the 3-year bond, with a coupon rate of 0.375 percent per annum payable semi-annually and a maturity date of 11 June 2024, was priced at 99.94 percent to yield 9.75 basis points over the 0.25 percent U.S. Treasury notes due May 2024.
The 7-year bond, with a coupon rate of 1.25 percent per annum payable semi-annually and a maturity date of 9 June 2028, was priced at 99.414 percent to yield 8.8 basis points over the 1.25 percent U.S. Treasury notes due May 2028.
The ADB said it plans to raise between 34 billion and 36 billion U.S. dollars from the capital markets in 2021.
