ADB returns to Malaysia
Juan Limandibrata, ADBÆs assistant treasurer and head of funding discusses the supranationals newest Malaysian Ringgit deal and its plans to open up more markets in Asia.
Late last week April 20 the Asian Development Bank ADB issued its second Malaysian ringgit bond, pricing a M$500 million five-year offering. Despite being the supranationalÆs second foray into the Malaysian domestic bond market the deal established a number of benchmarks that highlight the markets increasing sophistication.
The new deal, led by AmMerchant Bank of Malaysia, priced at 99.4%, and carries a semi-annual coupon of 4.265%.
Once again displaying AsiaÆs domestic investor appetite for ADBÆs triple-A rated credit,...
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