Asian Development Bank’s $5 Billion Offering

Cleary Gottlieb represented the managers, led by Bank of Montreal, Crédit Agricole Corporate and Investment Bank, Deutsche Bank AG, and Goldman Sachs International, in the largest single-tranche global medium-term note offering executed by the Asian Development Bank to date.

The $5 billion 1% notes are due April 14, 2026, were priced April 7, 2021, and closed on April 14, 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.