Asian Development Bank’s $5.5 Billion Global Bond Offering

Cleary represented the managers, led by Barclays Bank PLC, Citigroup Global Markets Limited, J.P. Morgan Securities plc, and The Toronto-Dominion Bank, in a two-tranche global medium-term note offering by the Asian Development Bank.

The $4 billion 0.375% notes due June 11, 2024, and the $1.5 billion 1.25% notes due June 9, 2028 priced June 2, 2021, and closed on June 9, 2021.

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.