ADB plans to raise $30-35 bn from capital mkt in 2020; sells $4-bn bonds

The 3-year bonds worth $4 billion, with a coupon rate of 0.25% per annum payable semi-annually, have a maturity date of July 14, 2023

The Asian Development Bank (ADB) on Wednesday said it plans to raise $30-35 billion from the capital market in 2020 and added that it has sold $4 billion worth 3-year global bonds to boost its capital resources.

The ADB returned to the US dollar bond market with the pricing of the $4-billion 3-year global bonds, the proceeds of which will be part of its ordinary capital resources, the Manila-headquartered multilateral funding agency said in a release.

"ADB plans to raise around $30 billion to $35 billion from the capital markets in 2020," it said.

The 3-year bonds worth $4 billion, with a coupon