ADB sells $3.25bn global benchmark bonds
The Asian Development Bank (ADB) returned to the US dollar bond market with the pricing of a $3.25 billion five-year global benchmark bond issue. The bond, with a coupon rate of 2.75% per annum payable semi-annually and a maturity date of 17 March 2023, was priced at 2.871% to yield 25 basis points...