Bond Asia Development Bank 0.75% ( US045167CQ44 ) in USD

Issuer Asia Development Bank
Market price 100 %  ⇌ 
Country  Philippines
ISIN code  US045167CQ44 ( in USD )
Interest rate 0.75% per year ( payment 2 times a year)
Maturity 11/01/2017 - Bond has expired



Prospectus brochure of the bond Asian Development Bank US045167CQ44 in USD 0.75%, expired


Minimal amount 1 000 USD
Total amount 1 250 000 000 USD
Cusip 045167CQ4
Standard & Poor's ( S&P ) rating NR
Moody's rating NR
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.

A specific fixed-income instrument, identified by ISIN US045167CQ44 and CUSIP 045167CQ4, was issued by the Asian Development Bank (ADB), a prominent multilateral development finance institution headquartered in the Philippines. Established in 1966, the ADB's overarching mission is to foster economic growth and cooperation in the Asia-Pacific region by providing financial assistance, technical support, and knowledge to its developing member countries, thereby contributing to poverty reduction and regional integration. This particular bond, denominated in United States Dollars (USD), featured a fixed coupon rate of 0.75% and represented a total issuance size of USD 1,250,000,000. Structured to allow accessibility for a range of investors, the minimum purchase size was set at USD 1,000. Interest payments were scheduled on a semi-annual basis, indicating a payment frequency of two times per year. Crucially, the bond reached its stipulated maturity date on January 11, 2017, and has subsequently been fully repaid to bondholders. At the time of its maturity, the bond's market price was recorded at 100% of its par value, signifying that the principal amount was returned in full to investors upon its redemption. Despite the Asian Development Bank's recognized standing as a highly reputable supranational entity, this specific bond issue was noted as 'NR' (Not Rated) by both Standard & Poor's (S&P) and Moody's credit rating agencies, which implies that it either was not submitted for a rating or did not receive a public rating from these particular firms, a status that can occur for various reasons related to specific issuance characteristics or issuer strategy, yet investors would primarily assess the underlying strength and creditworthiness of the ADB itself.