ADB plans to raise up to $36B in capital markets in 2025

The Asian Development Bank (ADB) plans to raise about $35-36 billion in capital markets in 2025, Report informs referring to the ADB.

As part of this program, the bank has already placed ten-year global bonds worth $2 billion.

The proceeds from the placement will be directed to its core capital resources. Demand for the bonds exceeded supply by more than 2.5 times, with the volume of orders reaching a record $7.2 billion.

The bonds have a coupon rate of 4.375% per annum with interest payments made semi-annually. The maturity date is March 22, 2035.

The placement price was 99.21%, which is 17.4 basis points higher than the yield of US Treasury bonds with a rate of 4.625% maturing in February 2035.

According to ADB data, 55% of the bonds were placed among investors in Europe, the Middle East and Africa, 25% in Asia, and 20% in America. Among the buyers, 40% were banks, 38% were central banks and official institutions, and 22% were fund managers and other investors.