Lehman Brothers Collection - Contemporary Business Archives

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Lehman Brothers Collection

Twentieth-Century Business Archives

Asian Development Bank Deal - Lehman Brothers Collection

Asian Development Bank

Company Deal$25,000,000 7 3/4% 25-year bonds of 1971 due April 15, 1996; $25,000,000 6 1/2% 5-year notes of 1971 due April 15, 1976
Transaction TypeBonds / sale of notes
Deal DescriptionThe Asian Development Bank expected that the net proceeds from this deal were to be included in the ordinary capital resources of the bank and used in its ordinary operations. As of December 31, 1970, the bank had approved from its ordinary capital resources 43 loans aggregating $329,235,000. Loans from the bank were made only for projects within the territories of developing members. At the time of the deal, the membership of the bank was composed of the following: Afghanistan, Australia, Ceylon, China, Fiji, Hong Kong, India, Indonesia, Japan, Khmer Republic, Korea, Laos, Malaysia, Nepal, New Zealand, Pakistan, Philippines, Singapore, Territory of Papua and New Guinea, Thailand, Vietnam, Western Samoa, Austria, Belgium, Canada, Denmark, Finland, France, Germany, Italy, Netherlands, Norway, Sweden, Switzerland, United Kingdom, and the United States. The bonds became due on April 15, 1996. The notes became due on April 15, 1976.
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