Bond Asian Development Bank 0% ( US045167DK64 ) in USD

Asian Development Bank

100 % ⇌

Philippines

US045167DK64 ( in USD )

26/02/2020 - Bond has expired

Prospectus brochure of the bond Asian Development Bank US045167DK64 in USD 0%, expired

045167DK6

The Bond issued by Asian Development Bank ( Philippines ) , in USD, with the ISIN code US045167DK64, pays a coupon of 0% per year.
The coupons are paid 2 times per year and the Bond maturity is 26/02/2020

PRICING SUPPLEMENT

ASIAN DEVELOPMENT BANK
GLOBAL MEDIUM-TERM NOTE PROGRAM
Series No.: 845-00-1
U.S.$1,150,000,000
Floating Rate Notes due 26 February 2020
Issue price: 100.00 per cent.

Lead Managers

BofA Merrill Lynch
BNP PARIBAS
Morgan Stanley

The date of this Pricing Supplement is 24 February 2016.

This pricing supplement (the "Pricing Supplement") is issued to give details of an
issue of U.S.$1,150,000,000 Floating Rate Notes due 26 February 2020 (the "Notes") by the
Asian Development Bank ("ADB") under its Global Medium-Term Note Program and to provide
information supplemental to the Prospectus referred to below.
This Pricing Supplement supplements the terms and conditions of the Notes set
forth in the Prospectus dated 28 April 2011 (as amended and supplemented and together with the
documents incorporated by reference therein, the "Prospectus") and should be read in
conjunction with the Prospectus. Unless otherwise defined in this Pricing Supplement,
capitalized terms used herein have the meanings given to them in the Prospectus.
The issue of the Notes was authorized pursuant to a global borrowing
authorization of the Board of Directors of ADB dated 11 December 2015.
This Pricing Supplement does not constitute, and may not be used for the
purposes of, an offer or solicitation by anyone in any jurisdiction in which such an offer or
solicitation is not authorized or to any person to whom it is unlawful to make such an offer or
solicitation, and no action is being taken to permit an offering of the Notes or the distribution of
this Pricing Supplement in any jurisdiction where such action is required.
The Notes are not required to be and have not been registered under the U.S.
Securities Act of 1933, as amended. The Notes have not been approved or disapproved by
the U.S. Securities and Exchange Commission or any state securities commission nor has
the Commission or any state securities commission passed upon the accuracy or adequacy
of this Pricing Supplement. Any representation to the contrary is a criminal offense in the
United States.
The distribution of this Pricing Supplement or the Prospectus and the offer and
sale of the Notes may be restricted by law in certain jurisdictions. Persons into whose possession
this Pricing Supplement or the Prospectus comes are required by ADB and the Manager to
inform themselves about and to observe any such restrictions. For a description of certain
restrictions on offers and sales of Notes and on the distribution of this Pricing Supplement or the
Prospectus, see "Plan of Distribution" in the Prospectus.
The Notes are not the obligation of any government.
2

TERMS AND CONDITIONS
The following items are the particular terms and conditions of the Notes to which
this Pricing Supplement relates. In case of any conflict between such terms and conditions and
the terms and conditions set forth in the Prospectus, the terms and conditions set forth in this
Pricing Supplement shal govern.
General Provisions
1.
Issuer:
Asian Development Bank ("ADB").
2.
Series Number:
845-00-1.
3.
(i)
Specified Currency
(Condition 1(c)):
United States Dollars ("U.S.$").
(i)
Specified Principal Payment
Currency if dif erent from
Specified Currency (Condition
1(c)):
Not applicable.
(ii)
Specified Interest Payment
Currency if dif erent from
Specified Currency (Condition
1(c)):
Not applicable.
(iv)
Alternative Currency
(Condition 7(i)) (if applicable): Not applicable.
4.
Aggregate Nominal Amount:
U.S.$1,150,000,000.
5.
(i) Issue Price:
100.00 per cent. of the Aggregate Nominal
Amount.
(i)
Net proceeds:
U.S.$1,150,000,000.
6.
Specified Denominations (Condition
1(a)):
U.S.$1,000.
7.
(i)
Issue Date (Condition 5(d)):
26 February 2016.
(i)
Interest Commencement Date
(if dif erent from the Issue
Date) (Condition 5(d)):
Not applicable.
8.
Maturity Date or Redemption Month
26 February 2020, subject to paragraph 31
(Condition 6(a)):
below.
3

9.
Interest Basis (Condition 5):
Floating Rate (Condition 5(b)) (further
particulars specified in paragraph 17 below).
10. Redemption/Payment Basis
(Condition 6(a)):
Redemption at par.
11. Change of Interest or
Redemption/Payment Basis:
Not applicable.
12. Put/Cal Options (Conditions 6(e)
and (f)):
Not applicable.
13. Status of the Notes (Condition 3):
Senior.
14. Listing:
Luxembourg Stock Exchange.
15. Method of distribution:
Syndicated.
Provisions Relating to Interest Payable
16. Fixed Rate Note Provisions
(Condition 5(a)):
Not applicable.
17. Floating Rate Note Provisions
(Condition 5(b)):
Applicable.
(i)
Specified Period(s)/Interest
Quarterly, on the 26th of February, May,
Payment Dates:
August and November, commencing on
26 May 2016, up to and including the Maturity
Date, subject to paragraph 31 below.
(ii)
Business Day Convention
(Condition 5(d)):
Modified Following.
(iii) Relevant Financial Center:
New York.
(iv)
Additional Business Center(s)
(Condition 5(d)):
Not applicable.
(v)
Manner in which the Rate(s) of
Interest is/are to be determined: ISDA Determination.
(vi)
Party responsible for
calculating the Rate(s) of
Interest and Interest Amount(s) The "Calculation Agent" for the Notes wil be
(if not the Calculation Agent):
Citibank, N.A., London Branch.
(vii) Benchmark Rate determination
Not applicable.
4

(Condition 5(b)):
(viii) ISDA Determination
(Condition 5(b)(i i)):
Applicable.
Floating Rate Option:
USD-LIBOR-BBA.
Designated Maturity:
3 month.
Reset Date:
The first day of each Interest Period.
ISDA Definitions (if
dif erent from those set out
in the Conditions):
2006 ISDA Definitions.
(ix)
Margin(s):
+0.32 per cent. per annum.
(x)
Minimum Rate of Interest:
Not applicable.
(xi)
Maximum Rate of Interest:
Not applicable.
(xii) Day Count Fraction (Condition

5(d)):
Actual/360, adjusted.
(xiii) Rate Multiplier (Condition
5(d):
Not applicable.
(xiv) Fal back provisions, rounding
provisions, denominator and
any other terms relating to the
method of calculating interest
on Floating Rate Notes, if
dif erent from those set out in
For the avoidance of doubt, coupon payments
the Conditions (Condition
are rounded to two decimal points per
5(b)(i)):
Specified Denomination.
18. Zero Coupon/Deep Discount Note
Provisions (Conditions 5(c) and 6(c)): Not applicable.
19. Index-Linked Interest Note
Provisions:
Not applicable.
20. Dual Currency Note Provisions:
Not applicable.
Provisions Relating to Redemption
21. Cal Option (Condition 6(e)):
Not applicable.
5

22. Put Option (Condition 6(f)):
Not applicable.
23. Final Redemption Amount:
Aggregate Nominal Amount.
(i)
Alternative Payment
Mechanism (Conditions 7(a)
and (c)):
Not applicable.
(ii)
Long Maturity Note (Condition
7(f)):
Not applicable.
(iii) Variable Redemption Amount
(Condition 6(d)):
Not applicable.
24. Early Redemption Amount:

(i)
Early Redemption Amount(s)
payable on an Event of Default
(Condition 9) and/or the method
of calculating the same (if
required or if dif erent from that
set out in the Conditions):
As set out in the Conditions.
(ii)
Unmatured Coupons to become
void (Condition 7(f)):
Not applicable.

Additional General Provisions Applicable to the Notes
25. Form of Notes:
Book-Entry Notes available on Issue Date.
26. Talons for future Coupons to be
at ached to definitive Bearer Notes

(and dates on which such Talons

mature):
Not applicable.
27. Details relating to Partly Paid Notes:
amount of each payment comprising
the Issue Price and date on which each
payment is to be made and
consequences (if any) of failure to pay,
including any right of ADB to forfeit
the Notes and interest due on late
payment:
Not applicable.
28. Details relating to Instal ment Notes:
Not applicable.
6

29. Redenomination, renominalization and
reconventioning provisions:
Not applicable.
30. Consolidation provisions:
Not applicable.
31. Other terms or special conditions:

(i) Payment Dates:
If any date for payment of any principal or
interest in respect of the Notes is not a
Business Day, ADB shal not be obliged to
pay such principal or interest until the first
fol owing day that is a Business Day, unless
that day fal s in the next calendar month, in
which case such payment shal be made on
the first preceding day that is a Business Day.
"Business Day" shal mean a day (other than
a Saturday or a Sunday) on which commercial
banks and foreign exchange markets set le
payments and are open for general business
(including dealings in foreign exchange and
foreign currency deposits) in New York.
Distribution
32.
(i)
If syndicated, names of

Managers:
BNP Paribas
Merril Lynch International
Morgan Stanley & Co. International plc

(i)
Stabilizing Manager (if any):
Not applicable.
(ii)
Commissions and
Concessions:
0.00 per cent.
33. If non-syndicated, name of Dealer:
Not applicable.
34. Additional seling restrictions:
Not applicable.
Operational Information

35. (i)
ISIN:
US045167DK64.
(i)
CUSIP:
045167DK6.
(iii) CINS:
Not applicable.
(iv)
Other:
Not applicable.

7

36. Common Code:
137197227.
37. Any clearing system(s) other than
Euroclear, Clearstream, Luxembourg
and DTC and the relevant identification
number(s):
Federal Reserve Book-Entry System.
38. Delivery:
Delivery against payment.
39. Additional Paying Agent(s) (if any):
Not applicable.
40. Governing Law:
New York.

Listing Application

This Pricing Supplement comprises the details required to list the issue of Notes
described herein pursuant to the listing of the Global Medium-Term Note Program of ADB.
Material Adverse Change Statement

There has been no material adverse change in the financial position or prospects
of ADB since the date of the financial statements included in the Information Statement of ADB,
which was most recently published on 30 April 2015.

Recent Developments

On 29 April 2015, ADB's Board of Governors approved the proposal to broaden
ADB's capital base by absorbing the loan operations and some liquid assets of the Asian
Development Fund into its ordinary capital resources balance sheet. The proposal will be
effective in January 2017.
On 4 May 2015, ADB's Board of Governors approved the fol owing with respect
to its 2014 reported net income of U.S.$366.1 mil ion after appropriation of guarantee fees to the
special reserve:
a. U.S.$183.4 mil ion, representing the ASC 815/825 adjustments and the unrealized
portion of net income from equity investments accounted for under the equity
method for the year ended 31 December 2014, be added from the cumulative
revaluation adjustments account;
b. U.S.$14.6 mil ion, representing the adjustment to the loan loss reserve as of
31 December 2014, be added from the loan loss reserve to the net income;
8

ISSUER
Asian Development Bank
6 ADB Avenue
Mandaluyong City
1550 Metro Manila
Philippines
FISCAL AGENT
Federal Reserve Bank of New York
33 Liberty Street
New York, NY 10045
USA
LUXEMBOURG LISTING AGENT
BNP Paribas Securities Services, Luxembourg Branch
33, rue de Gasperich, Howald-Hesperange
L-2085 Luxembourg
LEGAL ADVISERS TO THE MANAGERS
As to New York law
Cleary Gottlieb Steen & Hamilton LLP
One Liberty Plaza
New York, NY 10006
USA
AUDITORS
Deloitte & Touche LLP
6 Shenton Way, OUE Downtown 2
#33-00
Singapore 068809