Bond Asia Development Bank 3.8% ( XS1775945634 ) in NZD

Issuer	Asia Development Bank
Market price	100 % ⇌
Country	Philippines
ISIN code	XS1775945634 ( in NZD )
Interest rate	3.8% per year ( payment 1 time a year)
Maturity	01/09/2028
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Minimal amount	200 000 NZD
Total amount	500 000 000 NZD
Next Coupon	01/09/2025 ( In 24 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. A new debt instrument, identified by ISIN XS1775945634, has been issued by the Asian Development Bank (ADB), a prominent multilateral development finance institution dedicated to fostering economic growth and cooperation in the Asia-Pacific region, with a primary mission to reduce poverty and improve the quality of life of its people. Headquartered in the Philippines, the ADB's strong credit profile underpins this particular bond, which is denominated in New Zealand Dollars (NZD) and currently trades at par, reflecting a market price of 100%. This bond carries an annual interest rate of 3.8% and is set to mature on September 1, 2028, with interest payments distributed once per year. The total size of this issuance amounts to 500,000,000 NZD, with a minimum investment threshold set at 200,000 NZD.