Since January 1, 2014, Cleary Gottlieb has represented the managers in 14 offerings for the Asian Development Bank, in an aggregate amount of approximately $7.8 billion, all of which have been conducted under ADB’s Global Medium-Term Note Program. These offerings have included transactions denominated in U.S. dollars, pounds sterling, Euro and Indian rupees. The most recent transactions have included $1.25 billion 0.75% Notes due 2017 issued in August 2014, which was reopened in September 2014 for $100 million and in October 2014 for $100 million; $1.0 billion 1.50% Notes due 2018 issued in September 2014; and INR 3.0 billion 6.35% Notes (to be paid in U.S.$) due 2016 issued in August 2014.
ADB 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.
