| Deal Description | The 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, 1974, the bank had approved from its ordinary capital resources loans aggregating $1,432 million. Loans from the bank were made primarily 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, Bangladesh, British Solomon Islands, Burma, China, Fiji, Gilbert and Ellice Islands, Hong Kong, India, Indonesia, Khmer Republic, Korea, Laos, Malaysia, Nepal, Pakistan, Papua New Guinea, Philippines, Singapore, Sri Lanka, Thailand, Tonga, Vietnam, Western Samoa, Australia, New Zealand, Japan, Austria, Belgium, Canada, Denmark, Finland, France, Germany, Italy, Netherlands, Norway, Sweden, Switzerland, United Kingdom, and the United States. The notes became due on April 15, 1980. |
|---|
