Commentary & Deal Flow

Reoffer: 15yr: SARON MS+25bp / 100 / 1.12%

Launched: 15yr: CHF 100m @ SARON MS+25bp

• Issuer: Asian Development Bank
• Ticker: ASIA
• Issuer Domicile: Supranational
• Format: Public Fixed-Rate Notes
• Status: Senior Unsecured Debt
• Issuer Rating: Aaa/AAA/AAA (Moody's/S&P/Fitch)
• Instrument Rating (exp): Aaa/AAA/AAA (Moody's/S&P/Fitch)
• Issue Size: CHF 100m
• Coupon: 1.12% p.a.
• Maturity: 15 years (21-Oct-26 until 21-Oct-41)
• Issue Price: 100
• Spread/Yield: SARON MS +25.0 // YTM 1.12% // Govt.+51
• ISIN / Security Number: CH1598620164 / 159862016
• Lead Manager(s): UBS
• SNB Repo-eligibility: At the discretion of the SNB, expected yes (HQLA: Level 1)
• Documentation: Off ADB’s Global Medium-Term Note Program, dated 9-Dec-20
• FinSA Prospectus: No prospectus required in accordance with Art. 37(1) (h.) FinSA
• Governing Law: English
• Covenants: PP, NP, XD
• SIX Listing: 19-Oct-26
• Denomination: CHF 5000
• Sales Restrictions: In accordance with the selling restrictions of ADB’s Global Medium-Term Note Program
• Settlement: 21-Oct-26