Cleary Gottlieb represented the managers, led by Citigroup Global Markets Limited; Deutsche Bank AG, London Branch; J.P. Morgan Securities plc; and Merrill Lynch International, in a global medium-term note offering by the Asian Development Bank.
The $3.5 billion 1.5% notes are due January 20, 2027, priced on January 11, 2022, and are expected to close on January 20, 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, it has grown to encompass 68 members since its establishment, of which 49 are from within Asia and the Pacific and 19 outside.