ADB to lift $35 billion from capital market


New Delhi, July 8

The Asian Development Bank (ADB) on Wednesday mentioned it plans to lift $30-35 billion from the capital market in 2020 and added that it has bought $Four billion price 3-year world bonds to spice up its capital assets.

The ADB returned to the US greenback bond market with the pricing of the $4-billion 3-year world bonds, the proceeds of which might be a part of its abnormal capital assets, the Manila-headquartered multilateral funding company mentioned.

“ADB plans to raise around $30 billion to $35 billion from the capital markets in 2020,” it mentioned.

The 3-year bonds price $Four billion, with a coupon charge of 0.25% every year payable semi-annually, have a maturity date of July 14, 2023.

“We are appreciative of the consistently solid investor support that the ADB receives in its US dollar bond outings. This trade is no exception. The transaction was well oversubscribed, which enabled us to fine-tune pricing and still print one of our largest 3-year USD issue sizes at $4 billion,” mentioned ADB Treasurer Pierre Van Peteghem.

Peteghem added that this offers the ADB the assets to proceed to offer much-needed help to the Asia-Pacific area, notably throughout this pandemic. — PTI

Taps US bond market

  • The ADB returned to the US greenback bond market with the pricing of the $4-billion 3-year world bonds, the proceeds of which might be a part of its abnormal capital assets
  • The three-year bonds price $Four billion, with a coupon charge of 0.25% every year payable semi-annually, have a maturity date of July 14, 2023



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