Obbligazione Asian Development Bank 0% ( US045167DP51 ) in USD

Asian Development Bank

100 USD ⇌

Filippine

US045167DP51 ( in USD )

16/06/2021 - Obbligazione è scaduto

Prospetto opuscolo dell'obbligazione Asian Development Bank US045167DP51 in USD 0%, scaduta

1 000 USD

1 400 000 000 USD

045167DP5

The Obbligazione issued by Asian Development Bank ( Philippines ) , in USD, with the ISIN code US045167DP51, pays a coupon of 0% per year.
The coupons are paid 4 times per year and the Obbligazione maturity is 16/06/2021

PRICING SUPPLEMENT
ASIAN DEVELOPMENT BANK
GLOBAL MEDIUM-TERM NOTE PROGRAM
Series No.: 867-00-1
U.S.$500,000,000
Floating Rate Notes due 16 June 2021
Issue price: 100 per cent.
Lead Managers
BofA Merrill Lynch
Citigroup
The date of this Pricing Supplement is 14 June 2016.

This pricing supplement (the "Pricing Supplement") is issued to give details
of an issue of U.S.$500,000,000 Floating Rate Notes due 16 June 2021 (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
Managers 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 shall govern.
General Provisions
1.
Issuer:
Asian Development Bank ("ADB").
2.
Series Number:
867-00-1.
3.
(i)
Specified Currency
(Condition 1(c)):
United States Dollars ("U.S.$").
(ii)
Specified Principal Payment
Currency if different from
Specified Currency (Condition
1(c)):
Not applicable.
(iii)
Specified Interest Payment
Currency if different from
Specified Currency (Condition
1(c)):
Not applicable.
(iv)
Alternative Currency
(Condition 7(i)) (if applicable):
Not applicable.
4.
Aggregate Nominal Amount:
U.S.$500,000,000.
5.
(i) Issue Price:
100 per cent. of the Aggregate Nominal
Amount.
(ii)
Net proceeds:
U.S.$500,000,000.
6.
Specified Denominations (Condition
1(a)):
U.S.$1,000.
7.
(i)
Issue Date (Condition 5(d)):
16 June 2016.
(ii)
Interest Commencement Date
(if different from the Issue
Date) (Condition 5(d)):
Not applicable.
8.
Maturity Date or Redemption Month
(Condition 6(a)):
16 June 2021, subject to paragraph 31 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/Call 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 16th of March, June,
Payment Dates:
September, and December commencing on
16 September 2016, up to and including the
Maturity Date, subject to paragraph 31 below.
(ii)
Business Day Convention
(Condition 5(d)):
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
The "Calculation Agent" for the Notes will be
calculating the Rate(s) of
Citibank, N.A., London Branch.
Interest and Interest
Amount(s) (if not the
4

Calculation Agent):
(vii)
Benchmark Rate determination
(Condition 5(b)):
Not applicable.
(viii)
ISDA Determination
(Condition 5(b)(iii)):
Applicable.
·
Floating Rate Option:
USD-LIBOR-BBA.
·
Designated Maturity:
3 month.
·
Reset Date:
The first day of each Interest Period.
·
ISDA Definitions (if
different from those set out
in the Conditions):
2006 ISDA Definitions.
(ix)
Margin(s):
+0.19 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)
Fall back provisions, rounding
provisions, denominator and
any other terms relating to the
For the avoidance of doubt, (a) the Interest
method of calculating interest
Amount
calculation
per
Specified
on Floating Rate Notes, if
Denomination shall not be rounded and (b) the
different from those set out in
total Interest Amount payable to the
the Conditions (Condition
Noteholder on account of its holding of the
5(b)(ii)):
Notes shall be rounded to two decimal places.
18.
Zero Coupon/Deep Discount Note
Provisions (Conditions 5(c) and 6(c)):
Not applicable.
5

19.
Index-Linked Interest Note
Provisions:
Not applicable.
20.
Dual Currency Note Provisions:
Not applicable.
Provisions Relating to Redemption
21.
Call Option (Condition 6(e)):
Not applicable.
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 different 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
attached to definitive Bearer Notes
(and dates on which such Talons
mature):
Not applicable.
6

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 Installment Notes:
Not applicable.
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 shall not be obliged to
pay such principal or interest until the first
following day that is a Business Day.
"Business Day" shall mean a day (other than
a Saturday or a Sunday) on which
commercial banks and foreign exchange
markets settle 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:
Citigroup Global Markets Inc.
Merrill Lynch International
(ii)
Stabilizing Manager (if any):
Not applicable.
(iii)
Commissions and
Concessions:
0.00 per cent.
33.
If non-syndicated, name of Dealer:
Not applicable.
34.
Additional selling restrictions:
Not applicable.
7

Operational Information
35.
(i)
ISIN:
US045167DP51.
(ii)
CUSIP:
045167 DP5.
(iii)
CINS:
Not applicable.
(iv)
Other:
Not applicable.
36.
Common Code:
143308758.
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 22 April 2016.
Recent Developments
On 4 May 2016, ADB's Board of Governors approved the following with
respect to its 2015 reported net income of U.S.$537.1 million after appropriation of guarantee
fees to the special reserve:
a. U.S.$43.3 million, representing the adjustment to the loan loss reserve as of
31 December 2015, be added from the loan loss reserve to the net income;
b. U.S.$212.7 million, representing the ASC 815/825 adjustments and the
unrealized portion of net income from equity investments accounted for under
8

the equity method for the year ended 31 December 2015, be added to the
cumulative revaluation adjustments account;
c. U.S.$207.7 million be allocated to the ordinary reserve;
d. U.S.$120.0 million be allocated to the Asian Development Fund; and
e. U.S.$40.0 million be allocated to the Technical Assistance Special Fund.
Responsibility
ADB accepts responsibility for the information contained in this Pricing
Supplement which, when read together with the Prospectus referred to above, contains all
information that is material in the context of the issue of the Notes.
ASIAN DEVELOPMENT BANK
By:
Name:
Title:
9

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
60 Avenue J.F. Kennedy
L-1855 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