Asian Development Bank adds A$150 mln to 2011 bond

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SYDNEY, Feb 27 (Reuters) - The Asian Development Bank
[ADB.UL] has launched and priced a A$150 million ($140 million)
increase to its Kangaroo bonds due in 2011, sole lead TD
Securities said on Wednesday.

The bank finances infrastructure projects in the region.

The deal details are as follows:

Issuer: Asian Development Bank

Facility: Domestic fixed rate Kangaroo increase

Amount issued: A$150 million

Total on issue: A$1.15 billion

Maturity: June 15, 2011

Set date: March 11

Coupon: 6.25%

Yield: 7.62%

Margin: +79 bps over ACGB due June 2011

Gross price: 97.579

Lead(s): TD Securities

Issuer rating: tripe A by all major agencies
($1=A$1.07)
(Reporting by Cecile Lefort)