国产精品99一区二区三_免费中文日韩_国产在线精品一区二区_日本成人手机在线

ADB issues 15-year Indonesian rupiah-linked bond

Source: Xinhua| 2019-03-12 14:47:07|Editor: Yurou
Video PlayerClose

MANILA, March 12 (Xinhua) -- The Asian Development Bank (ADB) has raised 1.2 trillion Indonesian rupiahs (about 84 million U.S. dollars) from a new issue of offshore Indonesian rupiah-linked bonds, the bank announced on Tuesday.

The Manila-based bank said the transaction was structured as a 15-year fixed rate bond maturing in March 2034, making it the longest tenor local currency bond ever issued by the ADB. Previously, the ADB had issued 10-year and 11-year bonds in Chinese renminbi, Indian rupees, and Indonesian rupiah, but longer maturities had proven elusive.

The ADB has supported the development of the region's capital markets since 1970, having issued multiple currencies and formats.

"The growth of local currency bond markets is of strategic importance to developing countries in Asia," said ADB Treasurer Pierre Van Peteghem.

"But the challenge often remains in sourcing funding with sufficient tenor to support ADB's long-dated loans. With this 15-year bond issue, ADB is not only solving that mismatch, but also establishing a benchmark for other issuers to follow," he added.

The ADB said the bond issue, denominated in Indonesian rupiah but settled in U.S. dollars, was underwritten by JP Morgan as sole lead manager. The bank further said the new issue bears a semi-annual coupon of 7.80 percent. The bonds were placed 70 percent in Europe and 30 percent in the Americas, with institutions, banks and retail investors participating.

"Proceeds from the bonds will be mobilized to support ADB's local currency lending in Indonesia," the bank said in a statement.

In 2017, the Manila-based bank committed 2.035 billion U.S. dollars in sovereign and non-sovereign loans, technical assistance and grants to Indonesia. Indonesia is among the ADB's largest sovereign borrowers.

The ADB is a regular borrower in the mainstream international bond markets but has also led issuance in developing Asia as part of its efforts to promote domestic bond markets as an alternative to bank lending.

So far this year, ADB has raised 180 million U.S. dollars from bond issues in Kazakhstan and the Philippines.

TOP STORIES
EDITOR’S CHOICE
MOST VIEWED
EXPLORE XINHUANET
010020070750000000000000011100001378886851
主站蜘蛛池模板: 阳谷县| 东城区| 遂昌县| 定安县| 广平县| 农安县| 商都县| 溆浦县| 巴彦淖尔市| 湖州市| 深泽县| 九江市| 吉隆县| 亳州市| 邛崃市| 黔东| 石台县| 湖南省| 嘉义县| 宝坻区| 柘荣县| 新兴县| 罗定市| 普陀区| 宁海县| 敖汉旗| 张北县| 石屏县| 湘乡市| 奈曼旗| 娄底市| 南开区| 安福县| 富川| 丽江市| 婺源县| 开江县| 延吉市| 汶川县| 靖远县| 巴彦县|