Commentary & Deal Flow

Reoffer: 6yr: SOFR+31bp / 100.00

Final Books: Closed > US$1.9bn (Excluding JLM Interest). Peak book in excess of US$2bn (Excluding JLM Interest)

Spread set at: 6yr: SOFR+31bp - Books in excess of US$2bn (Excluding JLM Interest)
Guidance: 6yr: SOFR+32a - IOIs > US$1.8bn (Excluding JLM Interest)

• Issuer: Asian Development Bank
• Ticker: ASIA
• Ratings: Aaa/AAA/AAA (Moody's/S&P/Fitch)
• Format: Global (SEC Exempt)
• Size: US$1bn
• Spread: SOFR+31bp
• Coupon: FRN, Compounded SOFR+31bp, Quarterly, ACT/360
• Convention: SOFR Index where SOFR Index Start and SOFR Index End will be 5 days prior to Interest Period
• Reoffer Price: 100.00
• Settlement: 23-Jun-26 (T+7)
• Maturity: 23-Jun-32
• Denoms: US$1,000 + US$1,000
• Listing: Luxembourg Stock Exchange's Regulated Market
• Docs: Issuer's Global Medium Term Note (GMTN) Program
• Law: New York
• Clearing: Fedwire/Euroclear/Clearstream
• Bookrunners: BMO, Daiwa, Scotiabank, TD (B&D/DM)
• ISIN: US045167GS63
• Timing: Priced. TOE 14:27pm LDN. FTT: Immediately