ADB launches increase to its 2025 Kangaroo

Monday, 21 February 2022

Asian Development Bank (ADB) (AAA/Aaa/AAA) launched a A$300 million (US$216.5 million) increase to its March 2025 Kangaroo bond late on the Australian day on 21 February, with pricing expected the following day. The tap will add to the A$700 million on issue in the line. The indicative margin on the deal, which has J.P. Morgan, Nomura and TD Securities as leads, is 14 basis points over semi-quarterly swap.