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by Oleksandr Vynychuk

Jul 01, 2026 5:15 AM ET

UPDATE: Asian Development Bank £500m (min) 6yr FRN; Spread set at DM+33bp

IGC European Market: Deal Flow - SSA

Issuer	Term	Maturity	Size	Ranking	Type	Guidance	Spread Set	ISIN
Asian Development Bank	6yr	08-Jul-32	£500m (min)	Senior	Floating	DM+34a	DM+33	XS3435383164

Spread set at: 6yr: DM+33bp - Books currently in excess of £780mn (excl. JLM)
Guidance: 6yr: DM+34a

Issuer: Asian Development Bank
Rating: Aaa/AAA/AAA (all stable) (Moody's/S&P/Fitch)
Format: Global (SEC Exempt)
Size: £500m (min)
Settlement Date: 08-Jul-26 (T+5)
Maturity Date: 08-Jul-32
Spread: SONIA DM + 33bps
Coupon: SONIA+100, Daily Compounded SONIA, 5 day observation period shift, Quarterly, Act/365F
Denominations: £1,000 + £1,000
Documentation: Issuer's Global Debt Programme
Listing: Luxembourg
Governing Law: English Law
Target Market: Manufacturer target market (MiFID II and UK MiFIR product governance) as determined by the Lead Managers is eligible counterparties and professional clients (all distribution channels)
Joint Lead Managers: BofA / Citi / NatWest (B&D)
ISIN: XS3435383164
Timing: Books open, today's business. Books to close at 11:00 UKT.