Obbligazione Asia Development Bank 11.5% ( XS2433822389 ) in UAH

Asia Development Bank

41.44 UAH ⇌

Filippine

XS2433822389 ( in UAH )

11.5% per anno ( pagato 1 volta l'anno)

25/01/2027

Prospetto opuscolo dell'obbligazione Asian Development Bank XS2433822389 en UAH 11.5%, scadenza 25/01/2027

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26/01/2026 ( In 171 giorni )

La Banca Asiatica di Sviluppo (ADB) è un'istituzione finanziaria internazionale che fornisce prestiti e assistenza tecnica ai paesi in via di sviluppo dell'Asia e del Pacifico per promuovere la crescita economica e la riduzione della povertà.

Un'analisi approfondita di un titolo obbligazionario rivela dettagli significativi riguardanti l'emissione con codice ISIN XS2433822389, uno strumento di debito emesso dalla Asian Development Bank (ADB), un'istituzione finanziaria internazionale di primaria importanza con sede nelle Filippine, dedicata allo sviluppo economico e sociale nella regione Asia-Pacifico attraverso la promozione di una crescita inclusiva, la sostenibilità ambientale e l'integrazione regionale, consolidando il suo ruolo di emittente di rilievo nel mercato delle obbligazioni di sviluppo; questa specifica obbligazione, denominata in Grivnia Ucraina (UAH), presenta un tasso d'interesse nominale dell'11.5% con pagamenti annui e una scadenza fissata al 25 gennaio 2027, mentre il suo prezzo attuale sul mercato si attesta al 41.44%, riflettendo le dinamiche correnti per questo strumento finanziario.

MiFID II PRODUCT GOVERNANCE/PROFESSIONAL INVESTORS AND ECPs
ONLY TARGET MARKET Solely for the purposes of the manufacturer's product approval
process, the target market assessment in respect of the Notes has led to the conclusion that: (i) the
target market for the Notes is eligible counterparties and professional clients only, each as defined
in Directive 2014/65/EU (as amended, "MiFID II"); and (ii) all channels for distribution of the
Notes to eligible counterparties and professional clients are appropriate. Any person subsequently
offering, selling or recommending the Notes (a "distributor") should take into consideration the
manufacturer's target market assessment; however, a distributor subject to MiFID II is responsible
for undertaking its own target market assessment in respect of the Notes (by either adopting or
refining the manufacturer's target market assessment) and determining appropriate distribution
channels.

U.K. MiFIR PRODUCT GOVERNANCE/PROFESSIONAL INVESTORS AND
ECPs ONLY TARGET MARKET Solely for the purposes of the manufacturer's product
approval process, the target market assessment in respect of the Notes has led to the conclusion
that: (i) the target market for the Notes is only eligible counterparties, as defined in the FCA
Handbook Conduct of Business Sourcebook ("COBS"), and professional clients, as defined in
Regulation (EU) No 600/2014 as it forms part of domestic law by virtue of the European Union
(Withdrawal) Act 2018 ("U.K. MiFIR"); and (ii) all channels for distribution of the Notes to
eligible counterparties and professional clients are appropriate. Any person subsequently offering,
selling or recommending the Notes (a "distributor") should take into consideration the
manufacturer's target market assessment; however, a distributor subject to the FCA Handbook
Product Intervention and Product Governance Sourcebook (the "U.K. MiFIR Product
Governance Rules") is responsible for undertaking its own target market assessment in respect of
the Notes (by either adopting or refining the manufacturer's target market assessment) and
determining appropriate distribution channels.

ADB does not fall under the scope of application of MiFID II or U.K. MiFIR.
Consequently, ADB does not qualify as an "investment firm", "manufacturer" or "distributor" for
the purposes of either MiFID II or U.K. MiFIR.

Classification : Confidential

PRICING SUPPLEMENT

ASIAN DEVELOPMENT BANK
GLOBAL MEDIUM-TERM NOTE PROGRAM
Series No.: 1348-00-2
UAH600,000,000 11.50 per cent. Notes due 26 January 2027
payable in United States dollars

Issue price: 98.22 per cent.

Dealer

BNP PARIBAS

The date of this Pricing Supplement is 24 January 2022.

Classification : Confidential

This pricing supplement (the "Pricing Supplement") is issued to give details of an
issue of UAH600,000,000 11.50 per cent. Notes due 26 January 2027 payable in United States
dollars (the "Notes") 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 9 December 2020 (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 7 December 2021.
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 Dealer 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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Classification : Confidential

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 ("ADB").
2.
Series Number:
1348-00-2.
3.
(i)
Specified Currency
Ukrainian Hryvnia ("UAH"), being the
(Condition 1(c)):
lawful currency of Ukraine.

(ii)
Specified Principal Payment
United States dollars ("U.S.$" or "U.S.
Currency if different from
dollars").
Specified Currency (Condition
1(c)):

(iii)
Specified Interest Payment
U.S. dollars.
Currency if different from
Specified Currency (Condition
1(c)):

(iv)
Alternative Currency
Not applicable.
(Condition 7(i)) (if applicable):
4.
Aggregate Nominal Amount:
UAH600,000,000 payable in U.S.$.
5.
(i)
Issue Price:
98.22 per cent. of the Aggregate Nominal
Amount.
(ii)
Net proceeds:
UAH589,320,000 (payable in U.S.$
21,468,852.46 using the U.S.$/UAH
exchange rate of 27.45).
6.
Specified Denominations (Condition
UAH100,000, payable in U.S.$.
1(a)):
7.
(i)
Issue Date (Condition 5(d)):
26 January 2022.
(ii)
Interest Commencement Date
Not applicable.
(if different from the Issue
Date) (Condition 5(d)):

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Classification : Confidential

8.
Maturity Date or Redemption Month
26 January 2027, subject to the applicable
(Condition 6(a)):
Business Day Convention (which may be
subject to adjustment as set out under
"Adjustments to Interest Payment Date and
Maturity Date" as defined in the Appendix).
9.
Interest Basis (Condition 5):
Fixed Rate (Condition 5(a)) (further
particulars specified below).
10. Redemption/Payment Basis
Redemption at par, provided that the Final
(Condition 6(a)):
Redemption Amount shall be payable in
U.S.$ determined in accordance with
paragraph 23 below.
11. Change of Interest or
Not applicable.
Redemption/Payment Basis:
12. Put/Call 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:
11.50 per cent. per annum, payable
annually in arrear.
For avoidance of doubt, the interest payment
per Specified Denomination shall be
computed as follows:
(Specified Denomination x Rate of Interest
x Day Count Fraction) with the entire
amount rounded to the nearest second
decimal place with UAH0.005 being
rounded upwards. Such amount shall be
converted to U.S.$ in accordance with
paragraph 16(xii) below.
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Classification : Confidential

(ii)
Interest Payment Date(s):
26 January of each year, commencing on 26
January 2023 up to and including the
Maturity Date, subject to the applicable
Business Day Convention (which may be
subject to adjustment as set out under
"Adjustments to Interest Payment Date and
Maturity Date" as defined in the Appendix).
(iii) Interest Period End Date(s):
26 January of each year, commencing on 26
January 2023 up to and including the
Maturity Date.
(iv)
Interest Period End Date(s)
Unadjusted.
adjustment:
(v)
Business Day Convention:
Following Business Day Convention.
(vi)
Fixed Coupon Amount(s):
UAH11,500 per Specified Denomination
payable in U.S.$ on each Interest Payment
Date, provided that the Fixed Coupon
Amount shall be payable in U.S.$ in
accordance with paragraph 16(xii) below.
(vii) Broken Amount(s):
Not applicable.
(viii) Relevant Financial Center:
Kiev.
(ix)
Additional Business Center(s)
London and New York.
(Condition 5(d)):
(x)
Day Count Fraction (Condition Actual/Actual (ICMA).
5(d)):
(xi)
Determination Date(s):
26 January of each year, commencing on 26
January 2023 up to and including the
Maturity Date.

(xii) Other terms relating to the
The interest payments will be paid on the
method of calculating interest
relevant Interest Payment Date in U.S.$
for Fixed Rate Notes:
converted from UAH at the applicable
Reference Rate (as defined in the Appendix)
on the relevant Valuation Date (as defined in
the Appendix).
The Fixed Coupon Amount per Specified
Denomination payable in U.S.$ shall be
UAH11,500 divided by the Reference Rate
(as defined in the Appendix). Such amount
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Classification : Confidential

being rounded to the nearest cent, with
U.S.$0.005 being rounded upwards.
The resulting figure shall then be multiplied
by the number of denominations (obtained
by dividing the Aggregate Nominal Amount
by the Specified Denomination) to arrive at
the total Fixed Coupon Amount.
17. Floating Rate Note Provisions
Not applicable.
(Condition 5(b)):
18. Zero Coupon/Deep Discount Note
Not applicable.
Provisions (Conditions 5(c) and 6(c)):
19. Index-Linked Interest Note Provisions: Not applicable.
20. Dual Currency Note Provisions:
Not applicable.
Provisions Relating to Redemption
21. Call Option (Condition 6(e)):
Not applicable.
22. Put Option (Condition 6(f)):
Not applicable.
23. Final Redemption Amount:
Aggregate Nominal Amount; provided,
however, that the Final Redemption Amount
will be paid on the Maturity Date in U.S.$
converted from UAH at the applicable
Reference Rate (as defined in the Appendix)
on the Valuation Date (as defined in the
Appendix).

The Final Redemption Amount per
Specified Denomination payable in U.S.$
shall be: UAH100,000 divided by the
Reference Rate (as defined in the
Appendix). Such amount being rounded to
the nearest cent, with U.S.$0.005 being
rounded upwards.

The resulting figure shall then be multiplied
by the number of denominations (obtained
by dividing the Aggregate Nominal Amount
by the Specified Denomination) to arrive at
the total Final Redemption Amount payable
on the Maturity Date.
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Classification : Confidential

(i)
Alternative Payment
Not applicable.
Mechanism (Conditions 7(a)
and (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)
In the event that the Notes become due and
payable on an Event of Default payable as provided in Condition 9, the
(Condition 9) and/or the
Early Redemption Amount with respect to
method of calculating the same each Specified Denomination will be a
(if required or if different from
U.S.$ amount equal to the Redemption
that set out in the Conditions):
Amount that is determined in accordance
with "23. Final Redemption Amount" above
plus accrued and unpaid interest, if any, as
determined in accordance with "16. Fixed
Rate Note Provisions (Condition 5(a))";
provided that for the purposes of such
determination, the "Valuation Date" shall be
the date that is no later than five (5) Business
Days for Valuation (as defined in the
Appendix) prior to the date upon which the
Notes become due and payable as provided
in Condition 9.
(ii)
Unmatured Coupons to become Not applicable.
void (Condition 7(f)):
Additional General Provisions Applicable to the Notes
25. Form of Notes:
Registered Notes.
(i)
Definitive Registered Notes:
Registered Global Note available on Issue
Date; not exchangeable for individual
Definitive Registered Notes.
(ii)
New Safekeeping Structure
No.
(NSS Form):
26. Talons for future Coupons to be
Not applicable.
attached to definitive Bearer Notes
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Classification : Confidential

(and dates on which such Talons
mature):
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.
(iii)
Commissions and
0.00 per cent.
Concessions:
33. If non-syndicated, name of Dealer:
BNP Paribas.
34. Additional selling restrictions:
The following paragraph shall be deemed to
be set out under the heading "Ukraine" in the
section entitled "Plan of Distribution" in the
Prospectus:
"The Dealer has represented, warranted and
agreed that it has not offered, sold or
otherwise transferred and will not offer, sell
or otherwise transfer the Notes as part of its
initial distribution or at any time thereafter
to or for the benefit of any person (including
legal entities) resident, incorporated,
established or having their usual residence in
Ukraine or to any person located within the
territory of Ukraine, unless to the extent
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Classification : Confidential

otherwise permitted by Ukrainian laws or
regulations."
Operational Information

35. (i)
ISIN:
XS2433822389.
(ii)
CUSIP:
Not applicable.
(iii)
CINS:
Not applicable.
(iv)
Other:
Not applicable.
36. Common Code:
243382238.
37. Details of benchmarks administrators
Not applicable.
and registration under Benchmarks
Regulation:
38. Any clearing system(s) other than
Euroclear and Clearstream, Luxembourg
Euroclear, Clearstream, Luxembourg
only.
and DTC and the relevant
identification number(s):
39. Delivery:
Delivery against payment.
40. Additional Paying Agent(s) (if any):
Not applicable.
41. Governing Law:
English.
42. Intended to be held in a manner which Not applicable.
would allow Eurosystem eligibility:
Additional Information

The Notes are denominated in UAH. Since Ukraine is not an ADB member country,
ADB will not enjoy in Ukraine its usual rights, immunities, privileges and exemptions which are
conferred upon ADB by the Agreement Establishing the Asian Development Bank and by statutes,
laws and regulations of member countries. Such privileges include immunity with respect to
exchange controls and an exemption from withholding taxes with respect to payments on ADB's
debt securities.
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.
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Classification : Confidential