ADB Launches Successful $3 Billion Global Bond
Funding | Aug 21, 2025 | Asian Development Bank
The Asian Development Bank (ADB) has successfully issued a $3 billion 5-year global benchmark bond. Priced at 99.545% and offering a coupon rate of 3.750% annually, this bond achieved a yield of 4.77 basis points above equivalent US Treasury notes. This bond is part of ADB's effort to raise between $36 billion and $37 billion from the capital markets in 2025 to bolster its ordinary capital resources. The issuance was managed by leading financial institutions including Citigroup, Nomura, HSBC, and J.P. Morgan. Investors showed great interest with a 2.7 times oversubscription, demonstrating robust confidence in ADB's stability and impact. The distribution of the bonds attracted 41% of the allocation to Asia, 35% to Europe, the Middle East, and Africa, and 24% to the Americas. This move is part of ADB's ongoing commitment to support sustainable growth and infrastructure development across Asia and the Pacific, in line with its mission to tackle complex regional challenges.
Sectors
- Financial Services
- Development Banking
Geography
- Asia – ADB is a major financial institution operating mainly within the Asia and Pacific regions.
- Global – The bond issuance attracted global investors, including those from Europe, the Middle East, Africa, and the Americas.
- Manila, Philippines – ADB is headquartered in Manila, where the article originates from.
Industry
- Financial Services – The article focuses on a bond issuance by a financial institution.
- Development Banking – Asian Development Bank is a multilateral development bank focused on economic development in Asia and the Pacific region.
Financials
- $3 Billion – The amount raised by the ADB from the 5-year global bond issuance.
- 3.750% per annum – The coupon rate of the bond issued by ADB.
- 2.7x – The oversubscription rate of the bond issuance.
- 4.77 basis points – Yield over the 3.875% US Treasury notes due July 2030.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Asian Development Bank | Issuer | Company | A multilateral development bank focused on fostering economic growth in Asia and the Pacific. |
| Citigroup | Lead Manager | Company | An American multinational investment bank and financial services corporation. |
| Nomura | Lead Manager | Company | A major Japanese financial group providing services across the globe. |
| HSBC | Lead Manager | Company | An international banking and financial services holding company. |
| J.P. Morgan | Lead Manager | Company | A leading global financial services firm offering solutions to clients in more than 100 countries. |