Bond Asia Development Bank 3.2% ( XS1133585056 ) in CNY

Issuer Asia Development Bank
Market price 100 %  ⇌ 
Country  Philippines
ISIN code  XS1133585056 ( in CNY )
Interest rate 3.2% per year ( payment 1 time a year)
Maturity 10/11/2019 - Bond has expired



Prospectus brochure of the bond Asian Development Bank XS1133585056 in CNY 3.2%, expired


Minimal amount 500 000 CNY
Total amount 1 800 000 000 CNY
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's CNY 1,800,000,000 3.2% bond (ISIN: XS1133585056), issued in the Philippines, matured on 10/11/2019 and has been redeemed at 100%.








PRICING SUPPLEMENT






ASIAN DEVELOPMENT BANK
GLOBAL MEDIUM-TERM NOTE PROGRAM
Series No: 794-01-1
CNY250,000,000 3.20 per cent. Notes due 10 November 2019
(to be consolidated and form a single series with the CNY1,000,000,000
3.20 per cent. Notes due 10 November 2019 issued on 10 November 2014)

Issue price: 100.231 per cent. plus 74 days' accrued interest



Manager
HSBC





The date of this Pricing Supplement is 21 January 2015.
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0016665-0003797 HK:17703732.12



This pricing supplement (the "Pricing Supplement") is issued to give details of an
issue of CNY250,000,000 3.20 per cent. Notes due 10 November 2019 (the "Notes") (to be
consolidated and form a single series with the CNY1,000,000,000 3.20 per cent. Notes due 10
November 2019 issued on 10 November 2014) 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 28 April 2011 (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 11 December 2014.
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.
Purchasers of the Notes should note that the Renminbi is not a freely
convertible currency. Subject to Condition 7(i), all payments in respect of the Notes will be
made solely by transfer to a Renminbi bank account maintained in Hong Kong in
accordance with prevailing rules and regulations, and ADB cannot be required to make
payment by any other means (including in currency or by transfer to a bank account in the
mainland People's Republic of China). In addition, there can be no assurance that access
to Renminbi funds for the purposes of making payments on the Notes or generally may not
remain or become restricted.
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 Manager 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.
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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:
794-01-1
3.
(i)
Specified Currency
Renminbi ("CNY")*
(Condition 1(c)):
*
Purchasers of the Notes should note
that the Renminbi is not a freely
convertible currency. Subject to Condition
7(i), all payments in respect of the Notes
will be made solely by transfer to a
Renminbi bank account maintained in
Hong Kong in accordance with prevailing
rules and regulations, and ADB cannot be
required to make payment by any other
means (including in currency or by transfer
to a bank account in the mainland People's
Republic of China). In addition, there can
be no assurance that access to Renminbi
funds for the purposes of making payments
on the Notes or generally may not remain
or become restricted.
(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
Applicable.
(Condition 7(i)) (if applicable): Condition 7(i) shall be replaced in its
entirety with the following:
3



"If the Specified Currency is no longer
used by the government of the PRC for the
payment of public and private debts or no
longer used for settlement of transactions
by public institutions in the PRC or within
the international banking community, or in
the reasonable opinion of the Calculation
Agent, if such Specified Currency is
otherwise not expected to be available to
ADB, when any payment on the Notes is
due, as a result of circumstances beyond
the control of ADB, then ADB shall be
entitled to satisfy its obligations to holders
of Notes in respect of such payment by
making such payment in U.S. dollars on the
basis of the Spot Rate on the second
Business Day prior to such payment (the
"Determination Date") or, if such rate is
not available on the Determination Date, on
the basis of the Spot Rate most recently
available prior to such Determination Date,
as determined by the Calculation Agent.
Any payment made by ADB under such
circumstances in U.S. dollars, will
constitute valid payment, and will not
constitute a default in respect of the Notes.
For the purpose of Condition 7(i), the
following definitions apply:
"Business Day" means a day (other than a
Saturday or Sunday) on which commercial
banks are open for general business
(including dealings in foreign exchange) in
Hong Kong and New York;
"Calculation Agent" means Citibank, N.A.;
"PRC" means the mainland People's
Republic of China; and
4



"Spot Rate" means:
(a)
the CNY/U.S. Dollar official fixing
rate, expressed as the amount of CNY per
one U.S. dollar for settlement in two
business days, as reported by the Treasury
Markets Association which appears on
Reuters page <CNHFIX01> at or around
11:15 a.m. (Hong Kong time); or
(b)
if such rate is not available, the
Calculation Agent will determine the Spot
Rate at or around 11:00 a.m. (Hong Kong
time) on the Determination Date as the
most recently available CNY/U.S. Dollar
official fixing rate for settlement in two
business days as reported by The State
Administration of Foreign Exchange of the
PRC (which is reported on the Reuters
Screen Page CNY=SAEC).
Reference to a page on the Reuters Screen
means the display page so designated on
the Reuter Monitor Money Rates Service
(or any successor service) or such other
page as may replace that page for the
purpose of displaying a comparable
currency exchange rate."
4.
Aggregate Nominal Amount:
CNY250,000,000
The Notes will be consolidated and form a
single series with the CNY1,000,000,000
3.20 per cent. Notes due 10 November
2019 issued on 10 November 2014.
5.
Issue Price:
100.231 per cent. of the Aggregate
Nominal Amount plus CNY1,621,917.81
on account of accrued interest for 74 days
from and including 10 November 2014 to
but excluding the Issue Date
6.
Specified Denominations (Condition
CNY500,000 and multiples thereof
5



1(a)):
7.
(i)
Issue Date (Condition 5(d)):
23 January 2015
(ii)
Interest Commencement Date
10 November 2014
(if different from the Issue
Date) (Condition 5(d)):
8.
Maturity Date or Redemption Month
10 November 2019, adjusted in accordance
(Condition 6(a)):
with the Modified Following Business Day
Convention
9.
Interest Basis (Condition 5)):
Fixed Rate (Condition 5(a)) (further
particulars specified in paragraph 16

below)
10. Redemption/Payment Basis
Redemption at par
(Condition 6(a)):
11. Change of Interest or
Not applicable
Redemption/Payment Basis:
12. Call/Put 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:
Non-syndicated
Provisions Relating to Interest Payable
16. Fixed Rate Note Provisions
Applicable
(Condition 5(a)):
(i)
Rate(s) of Interest:
3.20 per cent. per annum, payable semi-
annually in arrears
(ii)
Interest Payment Date(s):
10 May and 10 November of each year,
commencing on 10 May 2015, adjusted in
accordance with the Modified Following
Business Day Convention.
(iii) Fixed Coupon Amount(s):
Each Fixed Coupon Amount per Specified
Denomination shall be calculated by
multiplying the product of the Rate of
Interest and the Specified Denomination
6



by the Day Count Fraction and rounding
the resultant figure to the nearest
CNY0.01, with CNY0.005 being rounded
upwards.
(iv)
Broken Amount(s):
Not applicable
(v)
Relevant Financial Center:
Hong Kong
(vi)
Additional Business Center(s)
Beijing and New York
(Condition 5(d)):
(vii) Day Count Fraction (Condition
Actual/365 (Fixed)
5(d)):

(viii) Determination Date(s):
Not applicable
(ix)
Other terms relating to the
The last paragraph of Condition 5(a) shall
method of calculating interest
be replaced in its entirety by the
for Fixed Rate Notes:
following:
"Interest will cease to accrue on each
Fixed Rate Note on the Maturity Date
unless, upon due presentation thereof,
payment of principal is improperly
withheld or refused, in which event
interest will continue to accrue at the
specified Rate of Interest up to but
excluding the earlier of (i) the date on
which actual payment of principal is
made, or (ii) the 15th calendar day
following the receipt of such payment of
principal by the Paying Agent."
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
7



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(c)):
(ii)
Long Maturity Note (Condition
Not applicable
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
Definitive Registered Notes:
Global Registered Note available on Issue
Date
26. Talons for future Coupons to be
Not applicable
attached to definitive Bearer Notes
(and dates on which such Talons
mature):
8



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
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
Not applicable
Managers:
(ii)
Stabilizing Manager (if any):
Not applicable
33. If non-syndicated, name of Dealer:
The Hongkong and Shanghai Banking
Corporation Limited
34. Additional selling restrictions:
The following paragraphs shall be deemed
to replace the sections in their entirety as
set out under the headings "United
Kingdom", "People's Republic of China",
"Japan" and "Hong Kong" in the section
entitled "Plan of Distribution" in the
Prospectus:

United Kingdom
The Manager has represented, warranted
and agreed that:
(a)
it has only communicated or
caused to be communicated and
will only communicate or cause
to be communicated an invitation
or inducement to engage in
9



investment activity (within the
meaning of Section 21 of the
Financial Services and Markets
Act 2000 (the "FSMA"))
received by it in connection with
the issue or sale of any Notes in
circumstances in which Section
21(1) of the FSMA does not
apply to ADB; and
(b)
it has complied and will comply
with all applicable provisions of
the FSMA with respect to
anything done by it in relation to
the Notes in, from or otherwise
involving the United Kingdom.

People's Republic of China
The Manager has represented and agreed
that the Notes are not being offered or
sold and may not be offered or sold,
directly or indirectly, in the mainland
People's Republic of China, except as
permitted by the securities laws of the
mainland People's Republic of China.

Japan
The Notes have not been and will not be
registered under the Financial Instruments
and Exchange Act of Japan (Act No. 25 of
1948, as amended; "FIEA"), and the
Manager has represented and agreed that
it has not, directly or indirectly, offered or
sold and will not, directly or indirectly,
offer or sell any Notes in Japan or to, or
for the benefit of, any resident of Japan
(as defined under Item 5, Paragraph 1,
Article 6 of the Foreign Exchange and
Foreign Trade Act (Act No. 228 of 1949,
as amended)) or to others for re-offering
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Document Outline