ADB Sells Dual-Tranche $3.75 Billion 3-Year and $1.5 Billion 10-Year Global Benchmark Bonds?
Banking & Finance
ADB marked a strong start to the New Year with this pair of global dollar benchmarks in our core market topping off a fortnight of benchmark issuance across other non-core currencies including Australian dollar, New Zealand dollar, and pound sterling, said ADB Treasurer Pierre Van Peteghem. Not only were we able to print ADB's largest trades in a single outing, but the combined orderbook represented the largest-ever level of subscription we have seen to date.
The Asian Development Bank (ADB) returned to the US dollar bond market with the pricing of a dual-tranche $3.75 billion 3-year and a $1.5 billion 10-year global benchmark bond issue, proceeds of which will be part of ADB's ordinary capital resources.
Not only were we able to print ADB's largest trades in a single outing, but the combined orderbook represented the largest-ever level of subscription we have seen to date.
ADB Sells Dual-Tranche $3.75 Billion 3-Year and $1.5 Billion 10-Year Global Benchmark Bonds
About ADB (Asian Development Bank):
Headquarters: Mandaluyong, Philippines
Founded: 19 December 1966
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