Commentary & Deal Flow

Final books in excess of €4.1bn (incl. €325m JLM). Peak book in excess of €3.9bn (incl. €300m JLM)

Launched: 7yr: €1.25bn @ MS+12bp - Book closed in excess of €3.9bn (including €300m JLM interest)
Spread set at: 7yr: MS+12bp - Book in excess of €3.7bn (including €300m JLM interest)
Guidance: 7yr: MS+15a

• Issuer: Asian Development Bank (Ticker: ASIA)
• Ratings: Aaa/AAA/AAA (Moody's/S&P/Fitch)
• Format: Senior, Unsecured, Global SEC Exempt
• Size: €1.25bn
• Settlement: 17-Jun-26 (T+6)
• Maturity: 17-Jun-33 (7Y)
• Coupon: Fixed, Annual, ACT/ACT
• Reference Benchmark: DBR 2.3 15-Feb-33 TWIN / HR 106%
• Hedge Deadline: 14.00 LDN / 15.00 CET
• Denominations: €1k + €1k
• Docs: Issuer's Global Debt Programme
• Target Market: (UK MiFIR/MiFID II) Eligible Counterparties and Professional Clients (all distribution channels)
• Leads: BNPP / CACIB (DM/B&D) / DB / JPM
• Listing: Luxembourg
• Settlement: Euroclear / Clearstream
• ISIN: XS3408976507
• Timing: Books closed, allocations out, pricing to follow.
• Advertisement: This communication is an advertisement for the purposes of Regulation (EU) 2017/1129 and underlying legislation. It is not a prospectus. The prospectus relating to the securities is available on the Luxembourg Stock Exchange: https://www.luxse.com/issuer/ADB/26709
• Use of Proceeds: The proceeds of the bond will be used in accordance with ADB’s Green and Blue Bond framework (https://www.adb.org/sites/default/files/publication/731026/adb-green-blue-bond-framework.pdf)