Bond Asia Development Bank 0% ( XS0589921278 ) in GBP

Issuer Asia Development Bank
Market price 100 %  ⇌ 
Country  Philippines
ISIN code  XS0589921278 ( in GBP )
Interest rate 0%
Maturity 08/02/2016 - Bond has expired



Prospectus brochure of the bond Asian Development Bank XS0589921278 in GBP 0%, expired


Minimal amount 1 000 GBP
Total amount 400 000 000 GBP
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 Bond issued by Asia Development Bank ( Philippines ) , in GBP, with the ISIN code XS0589921278, pays a coupon of 0% per year.
The coupons are paid 1 time per year and the Bond maturity is 08/02/2016








PRICING SUPPLEMENT









ASIAN DEVELOPMENT BANK
GLOBAL MEDIUM-TERM NOTE PROGRAM
Series No: 602-01-1
GBP100,000,000
Floating Rate Notes due 8 February 2016
(to be consolidated and form a single series with the GBP200,000,000
Floating Rate Notes due 8 February 2016 issued on 8 February 2011)

Issue price: 100.012 per cent. plus 66 days' accrued interest




Joint Lead Managers

Deutsche Bank
UBS Investment Bank





The date of this Pricing Supplement is 13 April 2011.








This pricing supplement (the "Pricing Supplement") is issued to give details of an
issue of GBP100,000,000 Floating Rate Notes due 8 February 2016 (the "Notes") (to be
consolidated and form a single series with the GBP200,000,000 Floating Rate Notes due
8 February 2016 issued on 8 February 2011) 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 20 July 2005 (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 6 December 2010.
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.
2.
Series Number:
602-01-1.
3.
(i)
Specified Currency
(Condition 1(c)):
Pounds Sterling ("GBP").
(ii)
Specified Principal Payment
Currency if different from
Specified Currency (Condition
1(c)):
Not applicable.
(iii)
Specified Interest Payment
Currency if different from
Specified Currency (Condition
1(c)):
Not applicable.
(iv)
Alternative Currency
(Condition 7(i)) (if applicable): Not applicable.
4.
Aggregate Nominal Amount:
GBP100,000,000.
The Notes will be consolidated and form a
single series with the GBP200,000,000
Floating Rate Notes due 8 February 2016
issued on 8 February 2011.
5.
(i)
Issue Price:
100.012 per cent. of the Aggregate Nominal
Amount plus GBP154,038.58 on account of
accrued interest for 66 days from and including
8 February 2011 to but excluding the Issue
Date.
(ii)
Net proceeds:
GBP100,118,988.58.
6.
Specified Denominations (Condition
1(a)):
GBP1,000.
3






7.
(i)
Issue Date (Condition 5(d)):
15 April 2011.
(ii)
Interest Commencement Date
(if different from the Issue
Date) (Condition 5(d)):
8 February 2011.
8.
Maturity Date or Redemption Month
(Condition 6(a)):
8 February 2016.
9.
Interest Basis (Condition 5):
Floating Rate (Condition 5(b)) (further
particulars specified in paragraph 17 below).
10. Redemption/Payment Basis
(Condition 6(a)):
Redemption at par.
11. Change of Interest or
Redemption/Payment Basis:
Not applicable.
12. Put/Call Options (Conditions 6(e)
and (f)):
Not applicable.
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
(Condition 5(a)):
Not applicable.
17. Floating Rate Note Provisions (Condition
5(b)):
Applicable.
(i)
Specified Period(s)/Interest

Payment Dates:
8 February, 8 May, 8 August and 8
November of each year, from and including
8 May 2011 to and including the Maturity
Date.
(ii)
Business Day Convention
(Condition 5(d)):
Following Business Day Convention.
(iii) Relevant Financial Center:
London.
(iv)
Additional Business Center(s)
(Condition 5(d)):
New York.
4






(v)
Manner in which the Rate(s) of
Interest is/are to be determined:
ISDA Determination.
(vi)
Party responsible for calculating

the Rate(s) of Interest and Interest
Amount(s) (if not the Calculation

Agent):
The "Calculation Agent" for the Notes will
be Citibank, N.A.
(vii) Benchmark Rate determination
(Condition 5(b)):
Not applicable.
(viii) ISDA Determination (Condition
5(d)):
Applicable.
· Floating Rate Option:
GBP-LIBOR-BBA.
· Designated Maturity:
3 months.
· Reset Date:
The first day of each Interest Period.
· ISDA Definitions (if different
from those set out in the
Conditions):
2006 ISDA Definitions.
(ix)
Margin(s):
+0.05 per cent. per annum.
(x)
Minimum Rate of Interest:
Not applicable.
(xi)
Maximum Rate of Interest:
Not applicable.
(xii) Day Count Fraction (Condition

5(d)):
Actual/365 (Fixed).
(xiii) Rate Multiplier (Condition 5(d):
Not applicable.
(xiv) Fall back provisions, rounding

provisions, denominator and any

other terms relating to the method
of calculating interest on Floating

Rate Notes, if different from those
set out in the Conditions

(Condition 5(b)(ii)):
Not applicable.
18. Zero Coupon/Deep Discount Note
Provisions (Conditions 5(c) and 6(c)):
Not applicable.
5






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

(i)
Early Redemption Amount(s)
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):
As set out in the Conditions.
(ii)
Unmatured Coupons to become
void (Condition 7(f)):
Not applicable.
Additional General Provisions Applicable to the Notes
25. Form of Notes:
Registered Notes.
Definitive Registered Notes:
Global Registered Note available on Issue
Date; not exchangeable for individual
Definitive Registered Notes.
26. Talons for future Coupons to be

attached to definitive Bearer Notes

(and dates on which such Talons

mature):
Not applicable.
6






27. Details relating to Partly Paid Notes:
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:
Not applicable.
28. Details relating to Installment Notes:
Not applicable.
29. Redenomination, renominalization and
reconventioning provisions:
Not applicable.
30. Consolidation provisions:
Not applicable.
31. Other terms or special conditions:
Not applicable.
Distribution
32. (i)
If syndicated, names of

Managers:
Deutsche Bank AG, London Branch
UBS Limited

(ii)
Stabilizing Manager (if any):
Not applicable.
(iii)
Commissions and

Concessions:
0.04705 per cent.
33. If non-syndicated, name of Dealer:
Not applicable.
34. Additional selling restrictions:
Not applicable.
Operational Information

35. ISIN:
XS0589921278

36. Common Code:
058992127
37. Any clearing system(s) other than
Euroclear, Clearstream, Luxembourg
and DTC and the relevant identification
number(s):
Euroclear and Clearstream, Luxembourg only.
38. Delivery:
Delivery against payment.
39. Additional Paying Agent(s) (if any):
Not applicable.
7






40. Governing Law:
English.

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 most recently published
Information Statement of ADB. ADB's latest Information Statement was issued on 28 April
2010.

Recent Developments

On 4 May 2010, ADB's Board of Governors approved the following with respect
to its 2009 ordinary capital resources net loss:
a) U.S.$447.6 million, representing unrealized losses as of 31 December 2009, be added
from the cumulative revaluation adjustments account;
b) U.S.$247.2 million, representing the adjustment to the loan loss reserve as of
31 December 2009, be added from the loan loss reserve and then be allocated to surplus;
c) U.S.$230.9 million be allocated to the ordinary reserve;
d) U.S.$120.0 million be allocated to the Asian Development Fund;
e) U.S.$40.0 million be allocated to the Technical Assistance Special Fund;
f) U.S.$10.0 million be allocated to the Climate Change Fund; and
g) U.S.$10.0 million be allocated to the Regional Cooperation and Integration Fund.

With effect from 7 June 2010, Lakshmi Venkatachalam has been appointed as
ADB's Vice-President (Private Sector and Cofinancing Operations).
8












ISSUER
Asian Development Bank
6 ADB Avenue
Mandaluyong City
1550 Metro Manila
Philippines
GLOBAL AGENT, REGISTRAR, PAYING AGENT
AND TRANSFER AGENT
Citibank, N.A.
21st Floor Citigroup Centre
Canada Square, Canary Wharf
London E14 5LB
LUXEMBOURG LISTING AGENT
BNP Paribas Securities Services
33, rue de Gasperich
Howald-Hesperange
L-2085 Luxembourg
LEGAL ADVISERS TO THE DEALERS
Cleary Gottlieb Steen & Hamilton LLP
One Liberty Plaza
New York, NY 10006






Document Outline