ADB prints NZ$100 million May 2024 Kauri tap

Friday, 18 August 2017

Issuer name: Asian Development Bank
Issuer rating: AAA/Aaa/AAA
Issue rating: as issuer
Pricing date: 18 August 2017
Settlement date: 29 August 2017
Maturity date: 30 May 2024
Lead managers: ANZ, TD Securities

Volume: NZ$100 million (US$72.9 million)
Total outstanding in this line: NZ$700 million
Coupon type: fixed
Coupon rate: 3.5%
Issue/re-offer price: 101.167988%
Issue yield: 3.305%
Margin to swap: 45/mid
Margin to NZGB: 62bp/April 2025