ADB sells $4.5bn 5-year global benchmark bond.

ISLAMABAD -- The Asian Development Bank (ADB) priced a $4.5 billion 5-year global bond, proceeds of which would be part of ADB's ordinary capital resources.

'The dollar market has seen a very active start to the new year,' said ADB Treasurer Pierre Van Peteghem, according to ADB press statement received here Thursday.

'ADB is very pleased with the strong reception to our first outing in 2021 which allowed us to issue $4.5 billion in the 5-year maturity. This issuance will support the much-needed assistance that we provide to our borrowers through this global pandemic,' Peteghem added.

The 5-year bond, with a coupon rate of 0.5% per annum payable semi-annually and a maturity date of 4 February 2026, was priced at 99.759% to yield 14.43 basis points over the 0.375% US Treasury notes due January 2026.

The transaction was lead-managed by Bank of America...