ADB 'back for good' in dollar bond market

Benefiting from a clear international pipeline and Asian price leadership, the Asian Development Bank (ADB) has been able to return to the international dollar markets in some style. With a $2 billion transaction, which matches for size a previous benchmark of May 1998, the triple-A rated credit has managed to re-position its credit where it always believed it should be - at the tighter end of the supranational spectrum.