Five ADB Offerings Totaling $5.26 Billion
August 26, 2015
Cleary represented the joint lead managers, Goldman Sachs, J.P. Morgan, Merrill Lynch and RBC and ten co-lead managers in an offering by the Asian Development Bank of $2 billion principal amount of 1.625% Global Notes due August 26, 2020. The transaction priced on August 19, 2015 and closed on August 26, 2015.
Cleary also represented the managers in four recent debt offerings by the Asian Development Bank. On June 5, 2015, ADB issued $2 billion principal amount of 1.125% Global Notes due June 5, 2018. The deal was run by joint lead managers Citigroup, Credit Suisse, HSBC, Nomura and ten co-lead managers. On June 18, 2015, ADB issued $250 million principal amount of Floating Rate Notes due June 18, 2018. The deal was led by Goldman Sachs. On July 10, 2015, ADB issued $1 billion principal amount of Floating Rate Notes due July 10, 2019. The deal was led by Goldman Sachs and Merrill Lynch. On August 19, 2015, ADB issued another $10 million principal amount of Step-up Fixed Rate Callable Notes due August 19, 2025. The deal was led by Morgan Stanley.
The Asian Development Bank, headquartered in Manila, Philippines, is a regional multilateral organization established in 1966. With a mission to facilitate sustainable economic development in Asia, ADB has grown to encompass 67 members since its establishment, of which 48 are from within Asia and the Pacific and 19 outside.