Bond Asia Development Bank 2.75% ( US045167BW21 ) in USD

Issuer	Asia Development Bank
Market price	100 % ⇌
Country	Philippines
ISIN code	US045167BW21 ( in USD )
Interest rate	2.75% per year ( payment 2 times a year)
Maturity	21/05/2014 - Bond has expired
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Minimal amount	100 000 USD
Total amount	3 000 000 000 USD
Cusip	045167BW2
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 following financial article provides a detailed retrospective on a specific debt instrument issued by the Asian Development Bank. Identified by ISIN US045167BW21 and CUSIP 045167BW2, this bond, denominated in US Dollars, carried a fixed interest rate of 2.75%. The Asian Development Bank (ADB), headquartered in the Philippines, is a multilateral development financial institution committed to fostering economic growth and cooperation in the Asia-Pacific region. Established in 1966, its primary mission involves reducing poverty and improving the quality of life of people in its developing member countries through loans, technical assistance, grants, and equity investments. This particular bond issue had a substantial total size of USD 3,000,000,000, with a minimum investment denomination set at USD 100,000, making it accessible primarily to institutional investors. Interest payments were made semi-annually, reflecting a payment frequency of two times per year. Crucially, this bond reached its maturity date on May 21, 2014, and was subsequently redeemed at par, with its market price at the time of redemption recorded at 100% of its face value, signifying a successful and timely repayment to bondholders.