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ADB sells 5-year global benchmark bond as capital resources

MANILA, Aug. 24 (Xinhua) — The Asian Development Bank (ADB) on Wednesday priced a five-year global bond of 4 billion U.S. dollars, as part of the multilateral lender’s ordinary capital resources, the Manila-based bank said on Thursday.

The bond, with a coupon rate of 4.50 percent per annum payable semi-annually and a maturity date of Aug. 25, 2028, was priced at 99.961 percent to yield 14.60 basis points over t