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ADB sells A$118 million uridashi bonds

Sun Feb 17, 2008 9:52pm EST
 
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TOKYO, Feb 18 (Reuters) - The Asian Development Bank [ADB.UL] is selling an A$118 million ($107.2 million) uridashi bond, market sources said on Monday.

The bond, to be issued on Feb. 27, will carry a 6.20 percent coupon.

The sales period runs from Monday through Wednesday, with a maturity date of March 11, 2010.

The ADB is rated triple A by Moody's Investors Service, Standard & Poor's and Fitch.

Uridashis are foreign bonds sold to Japanese retail investors. ($1=1.101 Australian Dollar)

 

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