Commentary & Deal Flow

Final Books: 5yr: US$17.4bn (incl. US$150m JLM)

Launched: 5yr: US$4bn @ SOFR MS+29bp - Books in excess of US$16.5bn (incl. US$150m JLM)
Guidance: 5yr: SOFR MS+30a

• Issuer: Asian Development Bank
• Ticker: ASIA
• Ratings: Aaa/AAA/AAA (Moody's/S&P/Fitch)
• Format: Global (SEC Exempt)
• Size: US$4bn
• Settlement: 28-May-26 (T+6)
• Maturity: 28-May-31
• Final Spread: SOFR MS SA 30/360 +29bp
• Coupon: Fixed, SA 30/360
• Denominations: US$1,000 x US$1,000
• Listing: Luxembourg Stock Exchange's Regulated Market
• Documentation: Issuer's Global Medium Term Note (GMTN) Program
• Governing Law: New York
• Clearing: Federal Reserve, book entry system, Euroclear, Clearstream
• Bookrunners: Barc/BofA/Citi/HSBC (B&D)
• ISIN: US045167GR80
• HR: 102% vs CT5
• Allocation Deadline: 15:50 UKT