The bonds will be issued on 29 January 2010.

The bonds, with a coupon rate of 5.375% per annum payable semiannually, and a maturity date of 29 January 2014, were priced at 99.804616% to yield 62 basis points over the 6.5% New Zealand government bond due April 2013.

The transaction was lead-managed by ANZ National Bank and Royal Bank of Canada Capital Markets. The book was evenly distributed with about 62% placed domestically and 38% placed offshore. By investor type, around 41% of the bonds were bought by financial institutions, 30% by fund managers, 24% central banks and the remainder by other investors such as middle-market institutions.

ADB plans to raise around $15 billion through the debt-market in 2010.#