Obligation Asia Development Bank 0.295% ( XS2021306589 ) en SEK

Société émettrice Asia Development Bank
Prix sur le marché refresh price now   100 %  ⇌ 
Pays  Philippines
Code ISIN  XS2021306589 ( en SEK )
Coupon 0.295% par an ( paiement annuel )
Echéance 08/07/2026



Prospectus brochure de l'obligation Asian Development Bank XS2021306589 en SEK 0.295%, échéance 08/07/2026


Montant Minimal 2 000 000 SEK
Montant de l'émission 4 900 000 000 SEK
Prochain Coupon 08/07/2026 ( Dans 245 jours )
Description détaillée 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 SEK, avec le code ISIN XS2021306589, paye un coupon de 0.295% par an.
Le paiement des coupons est annuel et la maturité de l'Obligation est le 08/07/2026







PRICING SUPPLEMENT





ASIAN DEVELOPMENT BANK
GLOBAL MEDIUM-TERM NOTE PROGRAM
Series No.: 1072-05-2
SEK1,000,000,000 0.295 per cent. Notes due 8 July 2026
(to be consolidated and form a single series with the SEK1,250,000,000 0.295 per cent.
Notes due 8 July 2026 issued on 8 July 2019, with the SEK150,000,000 0.295 per cent. Notes
due 8 July 2026 issued on 30 August 2019, with the SEK1,500,000,000 0.295 per cent. Notes
due 8 July 2026 issued on 19 November 2019, with the SEK500,000,000 0.295 per cent.
Notes due 8 July 2026 issued on 5 February 2020 and with the SEK500,000,000 0.295 per
cent. Notes due 8 July 2026 issued on 25 February 2020)

Issue price: 100.723 per cent. plus 98 days' accrued interest



Dealer
Danske Bank



The date of this Pricing Supplement is 14 October 2020.





This pricing supplement (the "Pricing Supplement") is issued to give details of an issue of
SEK1,000,000,000 0.295 per cent. Notes due 8 July 2026 (the "Notes") (to be consolidated and
form a single series with the SEK1,250,000,000 0.295 per cent. Notes due 8 July 2026 issued on
8 July 2019, with the SEK150,000,000 0.295 per cent. Notes due 8 July 2026 issued on 30 August
2019, with the SEK1,500,000,000 0.295 per cent. Notes due 8 July 2026 issued on 19 November
2019, with the SEK500,000,000 0.295 per cent. Notes due 8 July 2026 issued on 5 February 2020
and with the SEK500,000,000 0.295 per cent. Notes due 8 July 2026 issued on 25 February 2020)
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 15 June 2020.
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.
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:
1072-05-2
3.
(i)
Specified Currency
Swedish Krona ("SEK")
(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:
SEK1,000,000,000
The Notes will be consolidated and form a
single series with the SEK1,250,000,000
0.295 per cent. Notes due 8 July 2026 issued
on 8 July 2019, with the SEK150,000,000
0.295 per cent. Notes due 8 July 2026 issued
on 30 August 2019, with the
SEK1,500,000,000 0.295 per cent. Notes
due 8 July 2026 issued on 19 November
2019, with the SEK500,000,000 0.295 per
cent. Notes due 8 July 2026 issued on 5
February
2020
and
with
the
SEK500,000,000 0.295 per cent. Notes due
8 July 2026 issued on 25 February 2020.
3



5.
(i) Issue Price:
100.723 per cent. of the Aggregate Nominal
Amount plus SEK803,055 on account of
accrued interest for 98 days from and
including 8 July 2020 to but excluding the
Issue Date
(ii)
Net proceeds:
SEK1,007,723,055 (inclusive of accrued
interest of SEK803,055)
6.
Specified Denominations (Condition
SEK2,000,000
1(a)):
7.
(i)
Issue Date (Condition 5(d)):
16 October 2020
(ii)
Interest Commencement Date 8 July 2020
(if different from the Issue
Date) (Condition 5(d)):
8.
Maturity Date or Redemption Month
8 July 2026, subject to paragraph 31 below
(Condition 6(a)):
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:
Non-syndicated
Provisions Relating to Interest Payable
16. Fixed Rate Note Provisions
Applicable
(Condition 5(a)):
(i)
Rate(s) of Interest:
0.295 per cent. per annum, payable
annually in arrear
4



(ii)
Interest Payment Date(s):
8 July in each year, from and including 8
July 2021 up to and including the Maturity
Date, subject to paragraph 31 below
(iii)
Fixed Coupon Amount(s):
SEK5,900 per Specified Denomination
(iv)
Broken Amount(s):
Not applicable
(v)
Relevant Financial Center:
Stockholm
(vi)
Additional Business Center(s)
London and New York
(Condition 5(d)):
(vii) Day Count Fraction (Condition
30/360, unadjusted
5(d)):
(viii) Determination Date(s):
Not applicable
(ix)
Other terms relating to the
No Calculation Period shall be adjusted in
method of calculating interest
the event that the first day or last day of
for Fixed Rate Notes:
such period falls on a day that is not a
Business Day (as defined in paragraph 31
below).
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)):
5



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:
Registered Global Note available on Issue
Date
26. Talons for future Coupons to be
Not applicable
attached to definitive Bearer Notes
6



(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:
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 New York, London and
Stockholm.
Distribution

32. (i) If syndicated, names of
Not applicable
Managers:
7



(ii)
Stabilizing Manager (if any): Not applicable
(iii) Commissions and
0.031 per cent. of the Aggregate Nominal
Concessions:
Amount
33. If non-syndicated, name of Dealer:
Danske Bank A/S
34. Additional selling restrictions:
The following paragraph shall be deemed
to be set out under the heading "Sweden"
in the section entitled "Plan of
Distribution" in the Prospectus:
The Notes will not, directly or indirectly be
offered for subscription or purchase or sale
in Sweden except in circumstances that
will not result in a requirement to prepare a
prospectus pursuant to the provisions of the
Regulation
(EU)
2017/1129
(the
Prospectus Regulation).
Operational Information

35. ISIN:
XS2021306589
36. Common Code:
202130658
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

Use of Proceeds
The net proceeds of the issue of the Notes will be included in the ordinary capital resources
of ADB which will then be allocated to a special sub-portfolio therein and tracked against the
disbursements to Eligible Projects (as defined below). As long as the Notes are outstanding, the
balance of the sub-portfolio will be reduced, at the end of each quarter, by amounts matching the
8



disbursements made during the quarter with respect to the Eligible Projects. Pending such
disbursement, the sub-portfolio will be invested in accordance with ADB's liquidity policy.
Eligible projects under ADB's Green Bond framework ("Eligible Projects") include
projects funded by ADB, in whole or in part, that (i) target a reduction of greenhouse gas emissions
into the atmosphere or removal of greenhouse gas emissions from the atmosphere ("Climate
Change Mitigation Projects") and/or (ii) target the reduction of the vulnerability of human or
natural systems to the consequences of climate change and enhance resilience and adaptive
capacity ("Climate Change Adaptation Projects").
Examples of Climate Change Mitigation Projects would typically include, without
limitation, those that fall under the following sectors:
· Renewable energy ­ projects that use energy resources that can be naturally replenished
(solar, wind, geothermal and small hydro energy generation);
· Energy efficiency ­ projects that deliver more energy services with the same energy
input (excluding fossil fuel projects); and
· Sustainable transport ­ projects that provide accessible, safe, environmentally friendly
and affordable transportation.
Examples of Climate Change Adaptation Projects would typically include, without
limitation, those that fall under the following sectors:
· Energy ­ projects that help improve energy security (excluding fossil fuel projects);
· Water and other urban infrastructure and services ­ projects that improve water security
and livelihoods of vulnerable urban populations, such as, providing urban flood
protection; and
· Transport ­ projects that reduce the vulnerability of transport infrastructure.
The above examples of Eligible Projects are for illustrative purposes only and no assurance
can be provided that disbursements for projects with these specific characteristics will be made by
ADB during the term of the Notes.
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.
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 24 April 2020.
9



Recent Developments
On 22 May 2020, ADB's Board of Governors approved the following with respect
to its 2019 reported net income of U.S.$1,530.5 million, after appropriation of guarantee fees
to the special reserve:
a. U.S.$461.2 million representing adjustments for the net unrealized gains for the
year ended 31 December 2019, be added to the cumulative revaluation
adjustments account;
b. U.S.$615.7 million be allocated to the ordinary reserve;
c. U.S.$259.5 million be allocated to the Asian Development Fund;
d. U.S.$130.0 million be allocated to the Technical Assistance Special Fund;
e. U.S.$30.0 million be allocated to the Regional Cooperation and Integration
Fund;
f. U.S.$24.0 million be allocated to the Climate Change Fund; and
g. U.S.$10.0 million be allocated to the Asia Pacific Disaster Response Fund.
On 1 September 2020, Ashok Lavasa succeeded Diwakar Gupta as Vice-President
for Private Sector Operations and Public-Private Partnerships.
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
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Document Outline