ADB’s $4 Billion Global Bond Offering

Cleary Gottlieb represented the managers, led by Merrill Lynch International, Barclays Bank PLC, Citigroup Global Markets Limited, and J.P. Morgan Securities plc, in a global medium-term note offering by the Asian Development Bank (ADB).

The $4 billion 4.5% notes due August 25, 2028, priced August 23, 2023, and closed on August 31, 2023.

ADB, headquartered in Manila, Philippines, is a regional multilateral organization established in 1966. With a mission to facilitate prosperous, inclusive, resilient, and sustainable economic development in Asia, ADB has grown to encompass 68 members since its establishment, of which 49 are from within Asia and the Pacific and 19 outside.