Cleary Gottlieb is representing the joint lead managers, The Toronto-Dominion Bank, Merrill Lynch International, Morgan Stanley & Co International plc, and RBC Capital Markets LLC, and five co-lead managers in a two-tranche medium-term note offering by the Asian Development Bank (ADB).
The $3 billion 4.125% global notes due January 12, 2027, and the $2 billion 4.125% global notes due January 12, 2034, priced January 4, 2024, and will close on January 12, 2024.
Cleary is also representing the managers in two additional debt offerings by ADB. On January 3, 2024, ADB priced €1.25 billion principal amount of 2.55% global notes due January 10, 2031, which will close on January 10, 2024, and £1.25 billion principal amount of 3.875% global notes due July 22, 2027, which will close on January 12, 2024. The euro deal is being run by joint lead managers Citigroup Global Markets Limited, Crédit Agricole Corporate and Investment Bank, Deutsche Bank AG London Branch, and HSBC Continental Europe, while the sterling transaction is being run by joint lead managers Bank of Montreal London Branch, HSBC Bank plc, and RBC Europe Limited.
ADB, 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.