MANILA, Jan. 9 (Xinhua) -- The Asian Development Bank (ADB) has priced a 5-billion-U.S. dollar three-year global benchmark bond, the proceeds of which will be part of the ADB's ordinary capital resources, the multilateral lender said Thursday.

The ADB said the three-year bond, with a coupon rate of 4.375 percent per annum payable semi-annually and a maturity date of Jan. 14, 2028, was priced at 99.772 percent to yield 10.27 basis points over the 4.25 percent U.S. Treasury notes due January 2028.

According to the ADB, the issue achieved wide primary market distribution with 54 percent placed in Europe, the Middle East, and Africa, 30 percent in the Americas; and 16 percent in Asia.

By investor type, 52 percent went to central banks and official institutions, 38 percent to banks, and 10 percent to fund managers and other types of investors.

"The ADB saw exceptional demand for its first U.S. dollar global offering of the year," said ADB Treasurer Tobias Hoschka, adding that the record investor orderbook above 16 billion dollars, supported by a diverse and global investor base, shows the ongoing appeal of the ADB's high-quality credit.

"The ADB's borrowing program provides it with the necessary resources to assist its developing members in Asia and the Pacific," Hoschka said.

The ADB said it plans to raise about 34 billion to 36 billion dollars from the capital markets in 2025. Enditem

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