Obligation Asia Development Bank 2.75% ( US045167EG44 ) en USD

Asia Development Bank

100 % ▲

Philippines

US045167EG44 ( en USD )

2.75% par an ( paiement semestriel )

18/01/2028

Prospectus brochure de l'obligation Asian Development Bank US045167EG44 en USD 2.75%, échéance 18/01/2028

1 000 USD

1 700 000 000 USD

045167EG4

19/07/2025 ( Dans 18 jours )

La Banque asiatique de développement (BAD) est une institution financière internationale qui ?uvre à réduire la pauvreté et à promouvoir un développement économique et social durable dans l'Asie et le Pacifique.

L'Obligation émise par Asia Development Bank ( Philippines ) , en USD, avec le code ISIN US045167EG44, paye un coupon de 2.75% par an.
Le paiement des coupons est semestriel et la maturité de l'Obligation est le 18/01/2028

PRICING SUPPLEMENT

ASIAN DEVELOPMENT BANK
GLOBAL MEDIUM-TERM NOTE PROGRAM
Series No.: 958-00-1
U.S.$1,500,000,000
2.75 per cent. Global Notes due 19 January 2028
Issue price: 99.714 per cent.

Joint Lead Managers

Goldman Sachs International
J.P. Morgan
Nomura
TD Securities

Co-Lead Managers

Crédit Agricole CIB
DBS Bank Ltd.
ING
Mizuho Securities
Morgan Stanley

The date of this Pricing Supplement is 17 January 2018.

This pricing supplement (the "Pricing Supplement") is issued to give details of an
issue of U.S.$1,500,000,000 2.75 per cent. Global Notes due 19 January 2028 (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 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 13 December 2017.
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.
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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 ("ADB").
2. Series Number:
958-00-1.
3. (i)
Specified Currency
United States Dollars ("U.S.$").
(Condition 1(c)):
(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
Not applicable.
(Condition 7(i)) (if applicable):
4. Aggregate Nominal Amount:
U.S.$1,500,000,000.
5. (i)
Issue Price:
99.714 per cent. of the Aggregate Nominal
Amount.
(ii)
Net proceeds:
U.S.$1,493,085,000.
6. Specified Denominations (Condition
U.S.$1,000.
1(a)):
7. (i)
Issue Date (Condition 5(d)):
19 January 2018.
(ii)
Interest Commencement Date Not applicable.
(if different from the Issue
Date) (Condition 5(d)):
8. Maturity Date or Redemption Month
19 January 2028, subject to paragraph 31
(Condition 6(a)):
below.

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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. Put/Call Options (Conditions 6(e)
Not applicable.
and (f)):
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
Applicable.
(Condition 5(a)):
(i)
Rate(s) of Interest:
2.75 per cent. per annum, payable semi-
annually in arrear.
(ii) Interest Payment Date(s):
19 January and 19 July of each year,
commencing on 19 July 2018 up to and
including the Maturity Date, subject to
paragraph 31 below.
(iii) Fixed Coupon Amount(s):
U.S.$13.75 per Specified Denomination,
payable on each Interest Payment Date.
(iv) Broken Amount(s):
Not applicable.
(v)
Relevant Financial Center:
New York.
(vi) Additional Business Center(s) Not applicable.
(Condition 5(d)):
(vii) Day Count Fraction (Condition 30/360.
5(d)):
(viii) Determination Date(s):
Not applicable.

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(ix)
Other terms relating to the
No Calculation Period shall be adjusted in the
method of calculating interest
event that the first day or last day of such
for Fixed Rate Notes:
period falls on a day that is not a Business Day.
The last paragraph of Condition 5(a) shall be
replaced in its entirety by the 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
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.
(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)):
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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:
Book-Entry Notes 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):
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:
(i) Payment Dates:
If any date for payment of any principal or
interest in respect of the Notes is not a
Business Day, ADB shall not be obliged to pay
such principal or interest until the first
following day that is a Business Day and shall
not be obliged to pay any interest or other
payment in respect of such postponed
payment.
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Distribution
32. (i)
If syndicated, names of
Goldman Sachs International
Managers:
J.P. Morgan Securities plc
Nomura International plc
The Toronto-Dominion Bank
Crédit Agricole Corporate and Investment
Bank
DBS Bank Ltd.
ING Bank N.V., Singapore Branch
Mizuho International plc
Morgan Stanley & Co. International plc
(ii)
Stabilizing Manager (if any):
Not applicable.
(iii)
Commissions and Concessions: 0.175 per cent.
33. If non-syndicated, name of Dealer:
Not applicable.
34. Additional selling restrictions:
The following paragraph shall be deemed to be
set out under the heading "France" in the
section entitled "Plan of Distribution" in the
Prospectus:
"No prospectus (including any amendment,
supplement or replacement thereto or any other
offering material relating to the Notes) has
been prepared in connection with the offering
of the Notes which has been approved by the
French Autorité des marchés financiers or by
the competent authority of another state that is
a contracting party to the Agreement on the
European Economic Area and notified to the
French Autorité des marchés financiers and to
the Issuer; no Notes have been offered or sold
nor will be offered or sold, directly or
indirectly, to the public in France; the materials
relating to the Notes (including the Prospectus
and this Pricing Supplement) have not been
distributed or caused to be distributed and will
not be distributed or caused to be distributed to
the public in France; any offer, sale and
distribution of the Notes has been and shall
only be made in France to providers of
investment services relating to portfolio
management for the account of third parties
(personnes fournissant le service
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d'investissement de gestion de portefeuille
pour compte de tiers) as defined in, and in
accordance with Articles L.411-2-II-1 and
D.321-1 of the French Code monétaire et
financier, and/or qualified investors investing
for their own account (investisseurs qualifiés
agissant pour compte propre) other than
individuals, as defined in Articles L. 411-2-II-1
and D. 411-1 to D.411-4, of the French Code
monétaire et financier. The direct or indirect
distribution to the public in France of any
Notes may be made only as provided by
French laws and regulations (in particular
Articles L. 411-1, L. 411-2, L. 412-1 and L.
621-8 to L. 621-8-3 of the French Code
monétaire et financier)"
Operational Information

35. (i)
ISIN:
US045167EG44.
(ii)
CUSIP:
045167EG4.
(iii) CINS:
Not applicable.
(iv) Other:
Not applicable.
36. Common Code:
175429883.

37. Any clearing system(s) other than
Federal Reserve Book-Entry System.
Euroclear, Clearstream, Luxembourg
and DTC and the relevant
identification number(s):
38. Delivery:
Delivery against payment.
39. Additional Paying Agent(s) (if any):
Not applicable.
40. Governing Law:
New York.

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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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 Information Statement of ADB,
which was most recently published on 25 April 2017.
Recent Developments
On 6 May 2017, ADB's Board of Governors approved the following with respect
to its 2016 reported net loss of U.S.$11.2 million after appropriation of guarantee fees to the
special reserve:a. U.S.$14.6 million, representing the adjustment to the loan loss reserve as
of 31 December 2016, be added from the net income to the loan loss
reserve;
b.
U.S.$513.9 million, representing the ASC 815/825 adjustments and the
unrealized portion of net income from equity investments accounted for
under the equity method, for the year ended 31 December 2016, be added
from the cumulative revaluation adjustments account to the net income;
c.
U.S.$123.7 million be allocated to the ordinary reserve;
d.
U.S.$259.4 million be allocated to the Asian Development Fund;
e.
U.S.$60.0 million be allocated to the Technical Assistance Special Fund;
f.
U.S.$20.0 million be allocated to the Asia Pacific Disaster Response Fund;
g.
U.S.$15.0 million be allocated to the Climate Change Fund; and
h.
U.S.$10.0 million be allocated to the Regional Cooperation and
Integration Fund.
Responsibility
ADB accepts responsibility for the information contained in this Pricing
Supplement which, when read together with the Prospectus referred to above, contains all
information that is material in the context of the issue of the Notes.
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