Bond Asia Development Bank 2.99% ( XS2511880259 ) in HKD

Issuer	Asia Development Bank
Market price	100 % ⇌
Country	Philippines
ISIN code	XS2511880259 ( in HKD )
Interest rate	2.99% per year ( payment 1 time a year)
Maturity	05/08/2024 - Bond has expired
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Minimal amount	1 000 000 HKD
Total amount	1 000 000 000 HKD
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. An update on a specific debt instrument, ISIN XS2511880259, issued by the Asian Development Bank (ADB), indicates its recent maturation and redemption. The Asian Development Bank, a prominent multilateral development finance institution headquartered in the Philippines, is dedicated to promoting economic and social development across Asia and the Pacific through loans, technical assistance, grants, and equity investments, and serves as a significant issuer in global capital markets. This particular bond, denominated in Hong Kong Dollars (HKD), featured an annual interest rate of 2.99% and represented a total issuance size of HKD 1,000,000,000, with a minimum purchase increment set at HKD 1,000,000. Originally issued out of the Philippines with a scheduled maturity date of August 5, 2024, and an annual payment frequency, the bond has successfully reached its full term. Consistent with its terms, this fixed-income security has been fully redeemed at 100% of its principal value as of its August 5, 2024 maturity, confirming its complete repayment to bondholders.