Asian Development Bank’s $3 Billion Global Bond Offering

Cleary Gottlieb represented the managers, led by Merrill Lynch International, Morgan Stanley & Co. International plc, Nomura International plc, and RBC Capital Markets LLC, in a global medium-term note offering by the Asian Development Bank.

The $3 billion 0.625% notes due October 8, 2024, priced on September 28, 2021, and closed on October 6, 2021.

The Asian Development Bank, 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, it has grown to encompass 68 members since its establishment, of which 49 are from within Asia and the Pacific and 19 outside.