Commentary & Deal Flow

The Asian Development Bank (ADB), rated Aaa (stable) / AAA (stable) / AAA (stable) (Moody's/S&P/Fitch), has mandated BNP Paribas, HSBC, Morgan Stanley and Nomura to lead manage a new long 7-year EUR fixed rate benchmark due 17-Jan-34. The transaction is expected to be launched and priced in the near future subject to market conditions.

• Manufacturer Target Markets: Professionals and eligible counterparties (all distribution channels) (MiFID II/UK MiFIR product governance)
• Stabilization: FCA/ICMA stabilization