ADB in Four Debt Offerings
February 8, 2016
Cleary represented the lead managers in four recent debt offerings by the Asian Development Bank.
On January 15, 2016, ADB issued $3.25 billion principal amount 1.375% Global Notes due January 15, 2019. The deal was run by joint lead managers Merrill Lynch, HSBC, Morgan Stanley and TD Securities. On January 22, 2016, ADB issued $300 million of Floating Rate Notes due January 23, 2017. This deal was run by the sole lead manager BMO Capital Markets. On January 26, 2016, ADB issued GBP425 million 1.000% Notes due December 18, 2018. This deal was run by joint lead managers Citigroup, HSBC and J.P. Morgan. On February 8, 2016, ADB issued $1 billion of Floating Rate Notes due February 8, 2018. This deal was run by joint lead managers Goldman Sachs, J.P. Morgan and Nomura.
The Asian Development Bank, headquartered in Manila, Philippines, is a regional multilateral organization established in 1966. With a mission to facilitate sustainable economic development in Asia, ADB has grown to encompass 67 members since its establishment, of which 48 are from within Asia and the Pacific and 19 outside.