Obligation Asia Development Bank 1.4% ( XS1561572287 ) en EUR

Asia Development Bank

100 % ▼

Philippines

XS1561572287 ( en EUR )

1.4% par an ( paiement annuel )

06/02/2037

Prospectus brochure de l'obligation Asian Development Bank XS1561572287 en EUR 1.4%, échéance 06/02/2037

1 000 EUR

520 000 000 EUR

06/02/2026 ( Dans 220 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 EUR, avec le code ISIN XS1561572287, paye un coupon de 1.4% par an.
Le paiement des coupons est annuel et la maturité de l'Obligation est le 06/02/2037

PRICING SUPPLEMENT

ASIAN DEVELOPMENT BANK
GLOBAL MEDIUM-TERM NOTE PROGRAM
Series No: 902-00-1
EUR520,000,000
1.40 per cent. Notes due 6 February 2037

Issue price: 99.223 per cent.

Joint Lead Managers

Citigroup

Deutsche Bank

J.P. Morgan

The date of this Pricing Supplement is 6 February 2017.

This pricing supplement (the "Pricing Supplement") is issued to give details of an
issue of EUR520,000,000 1.40 per cent. Notes due 6 February 2037 (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 9 December 2016.
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.
2

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:
902-00-1.
3.
(i)
Specified Currency
Euro ("EUR").
(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:
EUR520,000,000.
5.
(i)
Issue Price:
99.223 per cent. of the Aggregate Nominal
Amount.
(ii)
Net proceeds:
EUR514,789,600.
6.
Specified Denominations (Condition
EUR1,000.
1(a)):
7.
(i)
Issue Date (Condition 5(d)):
8 February 2017.
(ii)
Interest Commencement Date
Not applicable.
(if different from the Issue
Date) (Condition 5(d)):
8.
Maturity Date or Redemption Month
6 February 2037, subject to paragraph 31
(Condition 6(a)):
below.
3

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) and
Not applicable.
(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:
1.40 per cent. per annum, payable
annually in arrear.
(ii)
Interest Payment Date(s):
6 February of each year, commencing on
6 February 2018 up to and including the
Maturity Date, subject to paragraph 31
below.
(iii) Fixed Coupon Amount(s):
An amount per Specified Denomination
payable on each Interest Payment Date (as
calculated pursuant to paragraph 16 (ix)
below), except for the first Interest
Payment Date on 6 February 2018 which
is subject to the Broken Amount.
(iv)
Broken Amount(s):
An amount per Specified Denomination
payable on the first Interest Payment Date
on 6 February 2018 (as calculated
pursuant to paragraph 16 (ix) below.
(v)
Relevant Financial Center:
As set out and defined in the Conditions.
(vi)
Additional Business Center(s)
London.
4

(Condition 5(d)):
(vii) Day Count Fraction (Condition
Actual/Actual (ICMA).
5(d)):
(viii) Determination Date(s):
Not applicable.
(ix) Other terms relating to the
The Fixed Coupon Amount and Broken
method of calculating interest
Amount, as applicable, per Specified
for Fixed Rate Notes:
Denomination, with respect to any Interest
Period shall be a EUR amount calculated
as follows:
Specified Denomination multiplied by the
Rate of Interest multiplied by the Day
Count Fraction.
For the avoidance of doubt, (a) the Fixed
Coupon Amount and Broken Amount
calculation (as applicable) per Specified
Denomination shall not be rounded and
(b) the total Fixed Coupon Amount and
Broken Amount (as applicable) payable
to the Noteholder on account of its
holding of the Notes shall be rounded to
two decimal places.
No Calculation Period shall be adjusted in
the event that the first day or last day of
such 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."
5

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)):
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; not exchangeable for individual
Definitive Registered Notes.
6

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.
"Business Day" shall mean a day (other
than a Saturday or a Sunday) on which
commercial banks and foreign exchange
markets settle payments and are open for
general business (including dealings in
foreign exchange and foreign currency
deposits) in London and a day which is a
TARGET Business Day.
Distribution
32.
(i)
If syndicated, names of Citigroup Global Markets Limited
Managers:
Deutsche Bank AG, London Branch
J.P. Morgan Securities plc

7

(ii)
Stabilizing Manager (if any):
Not applicable.
(iii)
Commissions and
0.225 per cent.
Concessions:
33. If non-syndicated, name of Dealer:
Not applicable.
34. Additional selling restrictions:
In accordance with § 1 (2) No. 2 of the
German
Securities
Prospectus Act
(Wertpapierprospektgesetz, "WpPG") of
22 June 2005 the Notes issued by ADB
are exempt from the scope of the WpPG.
However, each of the Managers has
represented and agreed that it will only
offer or sell Notes in the Federal Republic
of Germany in compliance with any
applicable laws governing the offer and
sale of securities in the Federal Republic
of Germany.
Operational Information

35. (i)
ISIN:
XS1561572287
(ii)
CUSIP:
Not applicable.
(iii)
CINS:
Not applicable.
(iv)
WKN:
Not applicable.
36. Common Code:
156157228.
37. Any clearing system(s) other than
Euroclear and Clearstream, Luxembourg
Euroclear, Clearstream, Luxembourg
only.
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:
English.

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.
8

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 22 April 2016.
Recent Developments
On 4 May 2016, ADB's Board of Governors approved the following with respect
to its 2015 reported net income of U.S.$537.1 million after appropriation of guarantee fees to the
special reserve:
a. U.S.$43.3 million, representing the adjustment to the loan loss reserve as of
31 December 2015, be added from the loan loss reserve to the net income;
b. U.S.$212.7 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 2015, be added to the
cumulative revaluation adjustments account;
c. U.S.$207.7 million be allocated to the ordinary reserve;
d. U.S.$120.0 million be allocated to the Asian Development Fund; and
e. U.S.$40.0 million be allocated to the Technical Assistance Special Fund.
On 12 December 2016, Ingrid van Wees succeeded Thierry de Longuemar as
Vice-President for Finance and Risk Management.
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.

ASIAN DEVELOPMENT BANK
By:

Name: MARIA A. LOMOTAN
Title: Assistant Treasurer
9

ISSUER
Asian Development Bank
6 ADB Avenue
Mandaluyong City
1550 Metro Manila
Philippines

GLOBAL AGENT
Citibank, N.A.
Citigroup Centre
Canada Square, Canary Wharf
London E14 5LB
United Kingdom

LUXEMBOURG LISTING AGENT
BNP Paribas Securities Services, Luxembourg Branch
60 Avenue J.F. Kennedy
L-1855 Luxembourg

LEGAL ADVISERS TO THE MANAGERS
Cleary Gottlieb Steen & Hamilton LLP
One Liberty Plaza
New York, NY 10006
USA