Commentary & Deal Flow

Spread Set: 3yr: SONIA DM+25bp

• Issuer: Asian Development Bank
• Ticker: ASIA
• Rating: Aaa/AAA/AAA (all stable) (Moody's/S&P/Fitch)
• Format: Global (SEC Exempt)
• Size: £ Benchmark
• Settle: 08-Oct-26 (T+7)
• Maturity: 05-Oct-29
• Spread set: SONIA DM + 25bps
• Coupon: SONIA+100, Daily Compounded SONIA, 5 day observation period shift, Quarterly, Act/365F, short first
• Denoms: £1k + £1k
• Docs: Issuer's Global Debt Programme
• Listing: Luxembourg
• Law: English Law
• Tgt Mkt: 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)
• Leads: NatWest, Santander, TD
• Schedule: Books open, Today's business