Obbligazione Asia Development Bank 5.58% ( US04517PAV40 ) in USD

Emittente Asia Development Bank
Prezzo di mercato 100 USD  ⇌ 
Paese  Filippine
Codice isin  US04517PAV40 ( in USD )
Tasso d'interesse 5.58% per anno ( pagato 2 volte l'anno)
Scadenza 28/05/2024 - Obbligazione č scaduto



Prospetto opuscolo dell'obbligazione Asian Development Bank US04517PAV40 in USD 5.58%, scaduta


Importo minimo 1 000 USD
Importo totale 500 000 000 USD
Cusip 04517PAV4
Descrizione dettagliata La Banca Asiatica di Sviluppo (ADB) č 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 povertā.

The Obbligazione issued by Asia Development Bank ( Philippines ) , in USD, with the ISIN code US04517PAV40, pays a coupon of 5.58% per year.
The coupons are paid 2 times per year and the Obbligazione maturity is 28/05/2024










PRICING SUPPLEMENT



ASIAN DEVELOPMENT BANK
GLOBAL MEDIUM-TERM NOTE PROGRAM
Series No: 1065-00-2
U.S.$500,000,000 Floating Rate Notes due 28 May 2024

Issue price: 100 per cent.







Manager


TD Securities






The date of this Pricing Supplement is 23 May 2019.








This pricing supplement (the "Pricing Supplement") is issued to give details
of an issue of U.S.$500,000,000 Floating Rate Notes due 28 May 2024 (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 7 December 2018.
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:
1065-00-2.
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.$500,000,000.
5.
Issue Price:
100 per cent. of the Aggregate Nominal
Amount.
6.
Specified Denominations (Condition
U.S.$1,000.
1(a)):
7.
(i)
Issue Date (Condition 5(d)):
28 May 2019.
(ii)
Interest Commencement Date
Not applicable.
(if different from the Issue
Date) (Condition 5(d)):
8.
Maturity Date or Redemption Month
28 May 2024, subject to paragraph 31
(Condition 6(a)):
below.
3





9.
Interest Basis (Condition 5):
Floating Rate (Condition 5(b)) (further
particulars
specified in paragraph 17
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:
Not applicable.
15. Method of distribution:
Non-syndicated.
Provisions Relating to Interest Payable
16. Fixed Rate Note Provisions
Not applicable.
(Condition 5(a)):
17. Floating Rate Note Provisions
Applicable.
(Condition 5(b)):
(i)
Specified Period(s)/Interest
Quarterly, on the 28 February, 28 May,
Payment Date(s):
28 August, 28 November of each year,
commencing on 28 August 2019, up to
and including the Maturity Date, subject
to paragraph 31 below.
(ii)
Business Day Convention
Modified Following Business Day
(Condition 5(d)):
Convention.
(iii) Relevant Financial Center:
New York.
(iv)
Additional Business Center(s) Not applicable.
(Condition 5(d)):
(v)
Manner in which the Rate(s) of Benchmark Rate determination.
Interest is/are to be determined:
(vi)
Party responsible for calculating The "Calculation Agent" for the Notes
the Rate(s) of Interest and will be Citibank, N.A., London Branch.
Interest Amount(s) (if not the
Calculation Agent):
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(vii) Benchmark Rate determination
Applicable.
(Condition 5(b)):
Interest Determination Date(s) One New York City Banking Day prior to
(Condition 5(d)):
each Interest Reset Date, where:
"Interest Reset Date" shall mean each
New York City Banking Day within each
Interest Period up to and including the
Interest Rate Cut Off Date, and "Interest
Rate Cut Off Date" shall mean four New
York City Banking Days prior to each
Interest Payment Date on which the
Interest Period ends, where:
"Interest Period" shall mean with respect
to each Interest Payment Date, the period
from and including the previous Interest
Payment Date to but excluding such
Interest Payment Date. The first Interest
Period with respect to the first Interest
Payment Date is from and including the
Issue Date and to but excluding the first
Interest Payment Date.
"New York City Banking Day" shall mean
any day on which commercial banks are
open for general business (including
dealings in foreign exchange and foreign
currency deposits) in New York.

Primary Source for Floating
For each Interest Determination Date, the
Rate:
rate for U.S. dollar federal funds on such
day, as published in H.15(519) under the
caption "Federal funds (effective)" and
displayed on Reuters (or any successor
service) on page FEDFUNDS1 under the
caption "EFFECT" (or any other page as
may replace the specified page on that
service) ("FEDFUNDS1 Page").
Reference Banks (if Primary
Not applicable.
Source for Floating Rate is
"Reference Bank"):
Benchmark Rate(s) and
The Rate of Interest for each Interest
5





Reference Rate(s):
Period shall be the Weighted Average of
the U.S. Federal Funds Rate, where
"Weighted Average of the U.S. Federal
Funds Rate" shall mean D1/D2.
"D1" shall mean the sum of the Relevant
Rate for each calendar day in the relevant
Interest Period. The "Relevant Rate" is the
U.S. Federal Funds Rate on each Interest
Determination Date in the relevant
Interest Period. For each calendar day in
the relevant Interest Period that is not an
Interest Determination Date, the Relevant
Rate for such calendar day shall be
deemed to be the Relevant Rate on the
immediately preceding Interest
Determination Date. Friday's rate is in
effect for weekends and preceding
business day is in effect for holidays.
"D2" shall mean the number of calendar
days in the Interest Period.
(viii) ISDA Determination (Condition
5(b)):
Not applicable.
(ix)
Margin(s):
+0.25 per cent. per annum
(x)
Minimum Rate of Interest:
Not applicable.
(xi)
Maximum Rate of Interest:
Not applicable.
(xii) Day Count Fraction (Condition
5(d)):
Actual/360 (adjusted).
(xiii) Rate Multiplier (Condition
5(d)):
Not applicable.
(xiv) Fall back provisions, rounding
If the rate referred to under "Primary
provisions, denominator and any Source for Floating Rate" in 17(vii) above
other terms relating to the
does not appear on the FEDFUNDS1 Page
method of calculating interest
on Floating Rate Notes, if
or is not published by 5:00 P.M., New
different from those set out in
York City time, on the related Interest
the Conditions (Condition
Reset Date, the U.S. Federal Funds Rate
5(b)(ii)):
shall mean: (i) the rate with respect to the
particular Interest Determination Date for
U.S. dollar federal funds as published in
6





H.15 Daily Update, or such other
recognized electronic source used for the
purpose of displaying the applicable rate,
under the caption "Federal funds
(effective)"; or
(ii) if the rate is not published in H.15
Daily Update by 5:00 P.M., New York
City time, on the related Interest Reset
Date, the rate with respect to the particular
Interest Determination Date, the U.S.
Federal Funds Rate shall mean the rate for
the first preceding day for which such rate
is set forth in H.15(519) opposite the
caption "Federal funds (effective)", as
such rate is displayed on the
FEDFUNDS1 Page.
Notwithstanding
the provisions of
Condition 5(b)(vi), the Calculation Agent
shall obtain the Relevant Rate for each
Interest Determination Date and shall, not
later than the Relevant Business Day
following the Interest Rate Cut Off Date
for each Interest Period, determine the
Rate of Interest for such Interest Period
and calculate the Interest Amount for such
Interest Period in respect of the minimum
Specified Denomination. The Interest
Amount shall be calculated by applying
the Rate of Interest for such Interest
Period
to the minimum Specified
Denomination, and multiplying such
product by the applicable Day Count
Fraction and rounding, if necessary, the
resultant figure to the nearest cent (half of
a cent being rounded upwards). The
determination of the Relevant Rate, the
Weighted Average of the U.S. Federal
Funds Rate or the Rate of Interest for any
day or for any Interest Period and the
Interest Amounts, the obtaining of any
7





quote or rate, and the making of any
determination or calculation by the
Calculation Agent shall (in the absence of
manifest error) be final and binding on all
parties.
Notwithstanding
the provisions of
Condition 5(b)(vii), the Calculation Agent
shall cause the Rate of Interest and the
Interest Amount for each Interest Period
and the relevant Interest Payment Date to
be provided to ADB and each of the
Agents as soon as possible after their
determination but in no event later than
one Relevant Business Day after the date
of their determination. The Calculation
Agent shall cause the same information to
be provided to DTC, for communication
to the Noteholders, as soon as possible
after their determination but in no event
later than one Relevant Business Day after
the date of their determination.
For the avoidance of doubt, the
Interest Amount payable on each Interest
Payment Date shall be determined as
follows:
Interest Amount = [Specified
Denomination x Rate of Interest x Day
Count Fraction] (resulting figure rounded
to the nearest cent, with half of a cent
being rounded upwards) x [Aggregate
Nominal Amount / 1,000].
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.
8






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 DTC Global Note available on
Issue Date; not exchangeable for
individual Definitive Registered Notes.
26. Talons for future Coupons to be
Not applicable.
attached to definitive Bearer Notes
(and dates on which such Talons
mature):
9





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,
unless that day falls in the next calendar
month, in which case such payment shall
be made on the first preceding day that is
a Business Day.
"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.
Distribution
32.
(i)
If syndicated, names of
Not applicable.
Managers:
(ii)
Stabilizing Manager (if any):
Not applicable.
(iii)
Commissions and
Not applicable
Concessions:
33. If non-syndicated, name of Dealer:
The Toronto-Dominion Bank.
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Document Outline