Cleary Gottlieb represented the underwriters led by BNP Paribas, Citi, HSBC and J.P. Morgan in an offering of $2.5 billion aggregate principal amount of the Asian Development Bank’s 0.50% global notes due June 20, 2016. The transaction was conducted under ADB’s Global Medium-Term Note Program. The notes were listed on the Luxembourg Stock Exchange. The transaction closed on March 19.
The Asian Development Bank is an international development financial institution whose vision is an Asia and Pacific region free of poverty. In pursuing its objectives, ADB provides different forms of financial assistance to its developing member countries. The main instruments are loans, technical assistance, grants, guarantees, and equity investments, which are met through various funding resources.
