ADB prices first offshore supranational renminbi bond in Hong Kong

Hong Kong night

The Asian Development Bank (ADB) priced the first offshore supranational bond denominated in renminbi today.

The ADB may swap the fixed rate bond into floating interest rates subject to market conditions. The bond, issued in Hong Kong, has a 10-year maturity and an annual coupon of 2.85%.

The bond was more than two times oversubscribed, leading the size of the issue to increase from 1 billion renminbi ($150 million) to 1.2 billion renminbi. The joint lead managers for the issue were Bank of Chin

To continue reading...

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: