Bond Asia Development Bank 1.5% ( CA045167FD06 ) in CAD

Issuer Asia Development Bank
Market price refresh price now   100 %  ⇌ 
Country  Philippines
ISIN code  CA045167FD06 ( in CAD )
Interest rate 1.5% per year ( payment 1 time a year)
Maturity 04/05/2028



Prospectus brochure of the bond Asian Development Bank CA045167FD06 en CAD 1.5%, maturity 04/05/2028


Minimal amount 1 000 CAD
Total amount 1 100 000 000 CAD
Cusip 045167FD0
Next Coupon 04/05/2026 ( In 306 days )
Detailed description The Asian Development Bank (ADB) is a regional development bank committed to reducing poverty and improving the lives of people in Asia and the Pacific through loans, technical assistance, grants, and equity investments.

The Asian Development Bank issued a CAD 1,100,000,000 bond (ISIN: CA045167FD06, CUSIP: 045167FD0) maturing on 04/05/2028 with a 1.5% coupon rate, paying annually, currently trading at 100% of par value in minimum increments of 1000 CAD.








U.K. MiFIR PRODUCT GOVERNANCE / PROFESSIONAL INVESTORS
AND ECPs ONLY TARGET MARKET ­ Solely for the purposes of each manufacturer's
product approval process, the target market assessment in respect of the Notes has led to the
conclusion that: (i) the target market for the Notes is only eligible counterparties, as defined in the
FCA Handbook Conduct of Business Sourcebook ("COBS"), and professional clients, as defined
in Regulation (EU) No 600/2014 as it forms part of domestic law by virtue of the European Union
(Withdrawal) Act 2018 ("U.K. MiFIR"); and (ii) all channels for distribution of the Notes to
eligible counterparties and professional clients are appropriate. Any person subsequently offering,
selling or recommending the Notes (a "distributor") should take into consideration each
manufacturer's target market assessment; however, a distributor subject to the FCA Handbook
Product Intervention and Product Governance Sourcebook (the "U.K. MiFIR Product Governance
Rules") is responsible for undertaking its own target market assessment in respect of the Notes (by
either adopting or refining each manufacturer's target market assessment) and determining
appropriate distribution channels.
ADB does not fall under the scope of application of Directive 2014/65/EU (as
amended, "MiFID II") or U.K. MiFIR. Consequently, ADB does not qualify as an "investment
firm", "manufacturer" or "distributor" for the purposes of either MiFID II or U.K. MiFIR.









PRICING SUPPLEMENT



ASIAN DEVELOPMENT BANK
GLOBAL MEDIUM-TERM NOTE PROGRAM
Series No.: 1274-01-1
CAD350,000,000
1.50 per cent. Notes due 4 May 2028
(to be consolidated and form a single series with the
CAD750,000,000 1.50 per cent. Notes due 4 May 2028 issued on 4 May 2021)

Issue price: 100.089 per cent. plus 76 days' accrued interest

RBC Europe Limited
Scotiabank Europe plc
The Toronto-Dominion Bank

The date of this Pricing Supplement is 15 July 2021.





This pricing supplement (the "Pricing Supplement") is issued to give details of an
issue of CAD350,000,000 1.50 per cent. Notes due 4 May 2028 (the "Notes") (to be consolidated
and form a single series with the CAD750,000,000 1.50 per cent. Notes due 4 May 2028 issued on
4 May 2021) by the Asian Development Bank ("ADB") under its Global Medium-Term Note
Program and to provide information supplemental to the Prospectus referred to below.
This Pricing Supplement supplements the terms and conditions of the Notes set
forth in the Prospectus dated 9 December 2020 (as amended and supplemented and together with
the documents incorporated by reference therein, the "Prospectus") and should be read in
conjunction with the Prospectus. Unless otherwise defined in this Pricing Supplement, capitalized
terms used herein have the meanings given to them in the Prospectus.
The issue of the Notes was authorized pursuant to a global borrowing authorization
of the Board of Directors of ADB dated 9 December 2020.
This Pricing Supplement does not constitute, and may not be used for the purposes
of, an offer or solicitation by anyone in any jurisdiction in which such an offer or solicitation is
not authorized or to any person to whom it is unlawful to make such an offer or solicitation, and
no action is being taken to permit an offering of the Notes or the distribution of this Pricing
Supplement in any jurisdiction where such action is required.
The Notes are not required to be and have not been registered under the U.S.
Securities Act of 1933, as amended. The Notes have not been approved or disapproved by
the U.S. Securities and Exchange Commission or any state securities commission nor has the
Commission or any state securities commission passed upon the accuracy or adequacy of this
Pricing Supplement. Any representation to the contrary is a criminal offense in the United
States.
The distribution of this Pricing Supplement or the Prospectus and the offer and sale
of the Notes may be restricted by law in certain jurisdictions. Persons into whose possession this
Pricing Supplement or the Prospectus comes are required by ADB and the Managers to inform
themselves about and to observe any such restrictions. For a description of certain restrictions on
offers and sales of Notes and on the distribution of this Pricing Supplement or the Prospectus, see
"Plan of Distribution" in the Prospectus.
The Notes are not the obligation of any government.






2




TERMS AND CONDITIONS
The following items are the particular terms and conditions of the Notes to which
this Pricing Supplement relates. In case of any conflict between such terms and conditions and
the terms and conditions set forth in the Prospectus, the terms and conditions set forth in this
Pricing Supplement shall govern.
General Provisions
1.
Issuer:
Asian Development Bank ("ADB")
2.
Series Number:
1274-01-1
3.
(i)
Specified Currency
Canadian dollars ("CAD")
(Condition 1(c)):
(ii)
Specified Principal Payment
Not applicable
Currency if different from
Specified Currency (Condition
1(c)):
(iii) Specified Interest Payment
Not applicable
Currency if different from
Specified Currency (Condition
1(c)):
(iv) Alternative Currency
Not applicable
(Condition 7(i)) (if applicable):
4.
Aggregate Nominal Amount:
CAD350,000,000
The Notes will be consolidated and form a
single series with the CAD750,000,000 1.50
per cent. Notes due 4 May 2028 issued on 4
May 2021.
5.
(i)
Issue Price:
100.089 per cent. of the Aggregate Nominal
Amount plus CAD1,092,000 on account of
accrued interest for 76 days from and
including 4 May 2021 to but excluding the
Issue Date.
(ii)
Net proceeds:
CAD351,176,000 (inclusive of accrued
interest of CAD1,092,000)
6.
Specified Denominations (Condition
CAD1,000
1(a)):
7.
(i)
Issue Date (Condition 5(d)):
19 July 2021
3




(ii)
Interest Commencement Date
4 May 2021
(if different from the Issue
Date) (Condition 5(d)):
8.
Maturity Date or Redemption Month
4 May 2028
(Condition 6(a)):
9.
Interest Basis (Condition 5):
Fixed Rate (Condition 5(a)) (further
particulars specified below)

10. Redemption/Payment Basis
Redemption at par
(Condition 6(a)):
11. Change of Interest or
Not applicable
Redemption/Payment Basis:
12. Put/Call Options (Conditions 6(e) and
Not applicable
(f)):
13. Status of the Notes (Condition 3):
Senior
14. Listing:
Luxembourg Stock Exchange
15. Method of distribution:
Syndicated
Provisions Relating to Interest Payable
16. Fixed Rate Note Provisions
Applicable
(Condition 5(a)):
(i)
Rate of Interest:
1.50 per cent. per annum, payable semi-
annually in arrear
(ii)
Interest Payment Dates:
4 May and 4 November of each year,
commencing on 4 November 2021 up to
and including the Maturity Date, adjusted
in accordance with the applicable Business
Day Convention
(iii)
Interest Period End Dates:
4 May and 4 November of each year,
commencing on 4 November 2021 up to
and including the Maturity Date
(iv)
Interest Period End Date(s)
Unadjusted
adjustment:
(v)
Business Day Convention:
Following Business Day Convention
4




(vi)
Fixed Coupon Amount(s):
CAD7.50 per Specified Denomination
payable on each Interest Payment Date
(vii) Broken Amount(s):
Not applicable
(viii) Relevant Financial Center:
Toronto
(ix)
Additional Business Center(s)
London and New York
(Condition 5(d)):
(x)
Day Count Fraction (Condition Whenever it is necessary to compute any
5(d)):
amount of accrued interest in respect of the
Notes for a period of less than one full year,
other than in respect of any Fixed Coupon
Amount, such interest will be calculated on
the basis of the actual number of days in
the period and a year of 365 days
("Actual/Actual Canadian Compound
Method")
(xi)
Determination Date(s):
Not applicable
(xii) Other terms relating to the
Not applicable
method of calculating interest
for Fixed Rate Notes:
17. Floating Rate Note Provisions
Not applicable
(Condition 5(b)):
18. Zero Coupon/Deep Discount Note
Provisions (Conditions 5(c) and 6(c)):
Not applicable
19. Index-Linked Interest Note Provisions: Not applicable
20. Dual Currency Note Provisions:
Not applicable
Provisions Relating to Redemption
21. Call Option (Condition 6(e)):
Not applicable
22. Put Option (Condition 6(f)):
Not applicable
23. Final Redemption Amount:
Aggregate Nominal Amount
(i)
Alternative Payment
Not applicable
Mechanism (Conditions 7(a)
and (c)):
5




(ii)
Long Maturity Note
Not applicable
(Condition 7(f)):
(iii) Variable Redemption Amount Not applicable
(Condition 6(d)):
24. Early Redemption Amount:

(i)
Early Redemption Amount(s)
As set out in the Conditions
payable on an Event of Default
(Condition 9) and/or the method
of calculating the same (if
required or if different from that
set out in the Conditions):
(ii)
Unmatured Coupons to become Not applicable
void (Condition 7(f)):
Additional General Provisions Applicable to the Notes
25. Form of Notes:
Registered Notes.
(i)
Definitive Registered Notes:
Registered Global Note available on Issue

Date; not exchangeable for individual

Definitive Registered Notes


(ii)
New Safekeeping Structure
No
(NSS Form):
26. Talons for future Coupons to be
Not applicable
attached to definitive Bearer Notes
(and dates on which such Talons
mature):
27. Details relating to Partly Paid Notes:
Not applicable
amount of each payment comprising
the Issue Price and date on which each
payment is to be made and
consequences (if any) of failure to pay,
including any right of ADB to forfeit
the Notes and interest due on late
payment:
28. Details relating to Installment Notes:
Not applicable
6




29. Redenomination, renominalization and Not applicable
reconventioning provisions:
30. Consolidation provisions:
Not applicable
31. Other terms or special conditions:
Not applicable
Distribution
32.
(i)
If syndicated, names of
RBC Europe Limited
Managers:
Scotiabank Europe plc
The Toronto-Dominion Bank
(ii)
Stabilizing Manager (if any): Not applicable
(iii) Commissions and
0.065 per cent.
Concessions:
33. If non-syndicated, name of Dealer:
Not applicable
34. Additional selling restrictions:
Not applicable
Operational Information

35. (i)
ISIN:
CA045167FD06
(ii)
CUSIP:
045167FD0
(iii)
CINS:
Not applicable
(iv)
Other:
Not applicable
36. Common Code:
233708402
37. Details of benchmarks administrators
Not applicable
and registration under Benchmarks
Regulation:
38. Any clearing system(s) other than
CDS Clearing and Depository Services
Euroclear, Clearstream, Luxembourg
Inc.
and DTC and the relevant identification
number(s):
39. Delivery:
Delivery free of payment
40. Additional Paying Agent(s) (if any):
Not applicable
41. Governing Law:
English
7




42. Intended to be held in a manner which
Not applicable
would allow Eurosystem eligibility:

Use of Proceeds
During the life of the Notes, ADB will use its best efforts to apply an amount equal
to the net proceeds thereof for use in its ordinary operations to finance a pool of eligible projects
which promote gender equality and women's empowerment, directly or indirectly through
governments of ADB members or financial or other institutions or investments in private sector
projects.
Eligible projects include those funded either in whole or in part from ADB's
ordinary capital resources that target narrowing gender disparities and promoting empowerment
of women and girls. To achieve this, such projects would typically address one or more of the
following five areas/dimensions of gender equality and women's empowerment, either as part of
the overall objective of the project (referred to by ADB as a "gender equity theme" project) or by
incorporating them into specific project components (referred to by ADB as an "effective gender
mainstreaming" project):
·
women's economic empowerment ­ access to finance/credit; micro, small and
medium-sized enterprise development; agriculture development; value chain
support; financial literacy and entrepreneurship training;
·
gender equality in human development ­ education, skills development and
technical and vocational education and training, including "nontraditional" female
subjects/job sectors such as science and mathematics, engineering, technology,
industry; health, reproductive health, and sanitation;
·
reduced time poverty of women ­ reduced drudgery and time spent on unpaid care
and domestic work through basic infrastructure (transport, water, sanitation,
energy) or affordable child, elderly or family care support;
·
participation in decision-making and leadership ­ through community groups,
local governments, and public and private sector management; and/or
·
women's resilience against risks and shocks including climate change and disaster
impacts ­ environmental protection/ rehabilitation; flood and disaster risk
management; budget support and social protection; prevention of gender-based
violence.
The above examples of eligible projects are for illustrative purposes only and no
assurance can be provided that disbursements for projects with these specific characteristics will
be made by ADB during the term of the Notes. In case it would be unable to apply an amount
equal to the net proceeds of the Notes as provided above, ADB will apply the remaining proceeds
thereof to its ordinary operations in accordance with the Agreement Establishing the Asian
Development Bank.
Payment of principal of and interest on the Notes will be based solely on the
creditability of ADB, and not on the performance of investments and loans under ADB's projects
on gender equality and women's empowerment.
8




Listing Application
This Pricing Supplement comprises the details required to list the issue of Notes
described herein pursuant to the listing of the Global Medium-Term Note Program of ADB.
Material Adverse Change Statement
There has been no material adverse change in the financial position or prospects of ADB
since the date of the financial statements included in the Information Statement of ADB, which
was most recently published on 13 April 2021.
Responsibility
ADB accepts responsibility for the information contained in this Pricing
Supplement which, when read together with the Prospectus referred to above, contains all
information that is material in the context of the issue of the Notes.

ASIAN DEVELOPMENT BANK
By:

Name: MARIA A. LOMOTAN
Title: Assistant Treasurer
9



Document Outline