ADB debuts in Singapore dollars

The Asian Development Bank (ADB) launched its maiden Singapore dollar denominated bond yesterday (Tuesday) raising S$200 million ($117.8 million) from a dual tranche issue led by HSBC. The second tranche was denominated in Hong Kong dollars, making the deal the first Asian dual currency issue by a supranational since 1999 when both the IFC and EBRD completed issues in Hong Kong and Singapore dollars.