Opportunistic ADB launches $500 million bond

Supranational taps global market for third time in 2002 with seven-year deal.

The Asian Development Bank (ADB), rated triple-A by Moody's and S&P, encouraged by continuing strong appetite among Asian investors for quality credits as well as the recent back up in yields on US Treasuries, last week took the opportunity to tap the global bond market for the third time this year.

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