ADB Sells $4 Billion 5-Year Global Benchmark Bond

MANILA, PHILIPPINES (20 May 2026) - The Asian Development Bank (ADB) yesterday priced a $4 billion 5-year global bond, proceeds of which will become part of ADB's ordinary capital resources.

"We are delighted with ADB's second fixed-rate global benchmark of the year," said ADB Treasurer Tobias Hoschka. "The exceptional investor support facilitated an oversubscription of four times and is a testament to their appreciation of ADB's mission in the region."

The 5-year bond, with a coupon rate of 4.25% per annum payable semi-annually and a maturity date of 28 May 2031, was priced at 99.515% to yield 2.86 basis points over the 3.875% United States Treasury notes due April 2031.

The transaction was lead-managed by Barclays, BofA Securities, Citigroup, and HSBC. A syndicate group was also formed, consisting of Daiwa Capital Markets Europe, ING, and Natixis.

The issue achieved wide primary market distribution, with 58% placed in Europe, the Middle East, and Africa; 22% in the Americas; and 20% in Asia. By investor type, 45% went to central banks and official institutions, 34% to banks, and 21% to fund managers and other types of investors.

ADB plans to raise about $39 billion-$45 billion from the capital markets in 2026.

ADB is a leading multilateral development bank supporting sustainable, inclusive, and resilient growth across Asia and the Pacific. Working with its members and partners to solve complex challenges together, ADB harnesses innovative financial tools and strategic partnerships to transform lives, build quality infrastructure, and safeguard our planet. Founded in 1966, ADB is owned by 69 members-50 from the region.

Disclaimer: This news release is not an offer for sale of securities of the Asian Development Bank. Any offering of ADB securities will take place solely on the basis of the relevant offering documentation including, but not limited to, the prospectus, term sheet and/or pricing supplement.