ADB prices NZ$325 million five-year Kauri

Tuesday, 01 September 2020

Issuer: Asian Development Bank
Issuer rating: AAA/Aaa/AAA
Issue rating: as issuer
Pricing date: 1 September 2020
Settlement date: 11 September 2020
Maturity date: 11 September 2025
Lead managers: ANZ, TD Securities

Volume: NZ$325 million (US$219.4 million)
Total outstanding in the line: NZ$325 million
Coupon type: fixed
Coupon rate: 0.375%
Issue/re-offer price: 99.629599%
Issue yield: 0.45%
Margin to swap: 29bp/mid
Margin to NZGB: 31bp/April 2025