Cleary Gottlieb represented the managers, led by Morgan Stanley, Crédit Agricole CIB, Deutsche Bank, and RBC Capital Markets, in a dual-tranche Global Medium Term Note offering by the Asian Development Bank (ADB).
The $2.75 billion 4.125% Notes due September 27, 2024, and the $1.25 billion 3.875% Notes due September 28, 2032, priced on September 20, 2022, and will close on September 28, 2022.
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, 49 of which are from within the Asia and the Pacific region.