ISLAMABAD: Asian Development Bank made a return to the US dollar bond market as it issued the $3.5b five-year bond.
Asian Development Bank or ADB issued $3.5-billion five-year global benchmark bond. However, its proceeds will be part of the ordinary capital resources of the bank. ADB Treasurer Pierre Van Peteghem revealed that the transaction was their 1st global benchmark outing of the year. He further added that the timing pleased their investor base.
RBC Capital Markets, JPMorgan, Mizuho Securities, and Goldman Sachs were lead-managed the transaction. In addition, Wells Fargo Securities, Daiwa Capital Markets, Commerzbank, Deutsche Bank, and Danske Bank were included in the syndicate group.
By investor type, 36% to banks, 54% bonds went to official institutions and central banks, and 10% to fund managers and other investors. In 2019, ADB is also planning to get $23 billion from the capital markets.
In addition, ADB is committed to achieving sustainable, inclusive, prosperous, and resilient Asia and the Pacific.