ADB’s $5.5 Billion Global Bond Offering

January 12, 2023

Cleary Gottlieb represented the managers, led by The Toronto-Dominion Bank, Citigroup Global Markets Limited, Nomura, and RBC Capital Markets, in a two-tranche global medium-term note offering by the Asian Development Bank.

The $3.5 billion 4.25% notes due January 9, 2026, and the $2 billion 4% notes due January 12, 2033, priced January 5, 2023, and closed on January 12, 2023.

The Asian Development Bank, headquartered in Manila, Philippines, is a regional multilateral organization established in 1966. With a mission to facilitate prosperous, inclusive, resilient, and sustainable economic development in Asia, ADB has grown to encompass 68 members since its establishment, of which 49 are from within Asia and the Pacific and 19 outside.