ADB adds NZ$350 million to its 2024 Kauri

Friday, 21 July 2017

Issuer name: Asian Development Bank
Issuer rating: AAA/Aaa/AAA
Issue rating: as issuer
Pricing date: 21 July 2017
Settlement date: 28 July 2017
Maturity date: 30 May 2024
Lead managers: ANZ, BNZ, TD Securities

Volume: NZ$350 million (US$259.7 million)
Total outstanding in this line: NZ$600 million
Coupon type: fixed
Coupon rate: 3.5%
Issue/re-offer price: 100.165895%
Issue yield: 3.472%
Margin to swap: 47bp/mid
Margin to NZGB: 66.7bp/Apr 2025