In Short : The Asian Development Bank (ADB) has successfully raised $3 billion through a five-year global benchmark bond, reinforcing its role as a leading issuer in international capital markets. The issuance aims to support ADB’s development financing across Asia and the Pacific. Strong investor demand highlighted global confidence in ADB’s financial strength and its commitment to sustainable growth.
In Detail : MANILA, PHILIPPINES — The Asian Development Bank (ADB) yesterday priced a $3 billion 5-year global benchmark bond, proceeds of which will be part of ADB’s ordinary capital resources.
“ADB issued its fourth US dollar global bond benchmark in 2025, strongly enabled by a broad and deep investor base that saw the 5-year transaction garner 2.7x over subscription,” said ADB Treasurer Tobias Hoschka. “We are very grateful to investors for their steadfast support of ADB.”
The 5-year bond, with a coupon rate of 3.750% per annum payable semi-annually and with a maturity date of 28 August 2030, was priced at 99.545% to yield 4.77 basis points over the 3.875% US Treasury notes due July 2030.
The transaction was lead-managed by Citigroup, Nomura, HSBC, and J.P. Morgan.
The issue achieved wide primary market distribution with 41% placed in Asia; 35% in Europe, Middle East, and Africa; and 24% in the Americas. By investor type, 59% went to central banks and official institutions, 28% to banks, and 13% to fund managers and other types of investors.
ADB plans to raise about $36 billion–$37 billion from the capital markets in 2025.
ADB is a leading multilateral development bank supporting inclusive, resilient, and sustainable growth across Asia and the Pacific. Working with its members and partners to solve complex challenges together, ADB harnesses innovative financial tools and strategic partnerships to transform lives, build quality infrastructure, and safeguard our planet. Founded in 1966, ADB is owned by 69 members—50 from the region.
