Commentary & Deal Flow

Final Books in excess of £840mn (excl. JLM)

Launched: 6yr: £500m @ DM+33bp - Books closed in excess of £840mn (excl. JLM)
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
• 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 closed.