# EDGAR Filing Document

**Accession Number:** 0000311669
**File Stem:** 0001140361-23-004763
**Filing Date:** 2023-2
**Character Count:** 18520
**Document Hash:** 44d41bc1c9f88b73b3fcac255dd94c8d
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001140361-23-004763.hdr.sgml**: 20230207

**ACCESSION NUMBER**: 0001140361-23-004763

**CONFORMED SUBMISSION TYPE**: QRTLYRPT

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20221231

**FILED AS OF DATE**: 20230207

**DATE AS OF CHANGE**: 20230206

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** ASIAN DEVELOPMENT BANK
- **CENTRAL INDEX KEY:** 0000311669
- **STANDARD INDUSTRIAL CLASSIFICATION:** FOREIGN GOVERNMENTS [8888]
- **IRS NUMBER:** 000000000
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** QRTLYRPT
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 083-00002
- **FILM NUMBER:** 23592294

**BUSINESS ADDRESS:**
- **STREET 1:** P O BOX 789
- **CITY:** 1099 METRO MANILA PHILIPPINES
- **STATE:** R6
- **ZIP:** 00000
- **BUSINESS PHONE:** 63 2 86324444

**MAIL ADDRESS:**
- **STREET 1:** NO. 6 ADB AVENUE
- **STREET 2:** MANDALUYONG CITY 1550
- **CITY:** METRO MANILA
- **STATE:** R6
- **ZIP:** 00000

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** ADB
- **DATE OF NAME CHANGE:** 20000101

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| |
|:---|
| Your Ref: SEC File No. 83-2 |
| Re: Section 11 (a) of the |
| Asian Development Bank – |
| Regulation AD Rule 2(a) |

---

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

#### Periodic Report

Pursuant to Rule 2 (a) of Regulation AD adopted pursuant to Section 11 (a) of the

Asian Development Bank Act.

For the Fiscal quarter ended 31 December 2022

ASIAN DEVELOPMENT BANK

6 ADB Avenue

Mandaluyong City

1550 Metro Manila, Philippines

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) Information as to purchase or sale by ADB of its primary obligations during the quarter:

Summary information in respect of purchases and sales of ADB's primary obligations in the fourth quarter of 2022 is set out in Appendices A and B.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) Copies of ADB's regular quarterly financial statements:

ADB's financial statements for the quarter ended 31 December 2022 have not been approved by the ADB's Board of Directors but will be provided following approval.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3) Copies of any material modifications or amendments during such quarter of any exhibits previously filed with the Commission under any statute:

There were no material modifications or amendments of any exhibits previously filed with the Commission.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(4) Copies of the Global Borrowing Authorization for 2023 and the Global Authorization for Swap Transactions in 2023 are set out in Appendices C and D.

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**APPENDIX A**

#### SUMMARY OF NEW BORROWINGS

#### FOR THE FOURTH QUARTER 2022

#### <br>

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **SECID** | **ISSUE**<br> **DATE** | **MATURITY**<br> **DATE** | **DESCRIPTION** | **CCY** | **PRINCIPAL AMOUNT** |
| 1740_GMTN1440_00_2 | 27-Oct-22 | 27-Oct-25 | AUD13.365mn 3.68% Notes due 27 October 2025 | AUD | 13365000.00 |
|  |  |  | AUD TOTAL |  | 13365000.00 |
| 1314_GMTN1040_01_2 | 27-Oct-22 | 1-Mar-28 | CNY100mn 3.405% Notes due 1 March 2028 | CNY | 100000000.00 |
| 1743_GMTN1443_00_2 | 10-Nov-22 | 10-Nov-23 | CNY250mn 2.21% Notes due 10 November 2023 | CNY | 250000000.00 |
|  |  |  | CNY TOTAL |  | 350000000.00 |
| 1733_GMTN1434_00_2 | 20-Oct-22 | 20-Oct-32 | COP135bn Zero Coupon Deep Discount Notes due 20 October 2032 payable in United States dollars | COP | 135000000000.00 |
|  |  |  | COP TOTAL |  | 135000000000.00 |
| 1746_GMTN1446_00_1 | 23-Nov-22 | 21-Nov-25 | GBP300mn 4.00% Notes due 21 November 2025 | GBP | 300000000.00 |
|  |  |  | GBP TOTAL |  | 300000000.00 |
| 1731_GMTN1432_00_2 | 12-Oct-22 | 12-Oct-23 | HKD100mn 4.00% Notes due 12 October 2023 | HKD | 100000000.00 |
|  |  |  | HKD TOTAL |  | 100000000.00 |
| 1737_GMTN1438_00_2 | 27-Oct-22 | 27-Oct-32 | HUF16bn Zero Coupon Deep Discount Notes due 27 October 2032 | HUF | 16000000000.00 |
|  |  |  | HUF TOTAL |  | 16000000000.00 |
| 1738_GMTN1430_00_1 | 19-Oct-22 | 22-Oct-24 | KZT3.411bn 14.5% Amortizing Notes due 22 October 2024 | KZT | 3411252000.00 |
|  |  |  | KZT TOTAL |  | 3411252000.00 |
| 1721_GMTN1421_01_2 | 29-Nov-22 | 19-Sep-24 | PLN150mn 8.00% Notes due 19 September 2024 | PLN | 150000000.00 |
| 1732_GMTN1433_00_2 | 18-Oct-22 | 18-Oct-24 | PLN150mn 8.30% Notes due 18 October 2024 | PLN | 150000000.00 |
| 1735_GMTN1435_00_2 | 21-Oct-22 | 21-Oct-37 | PLN250mn Zero Coupon Deep Discount Notes due 21 October 2037 | PLN | 250000000.00 |
| 1741_GMTN1441_00_2 | 3-Nov-22 | 3-Nov-42 | PLN350mn Zero Coupon Deep Discount Notes due 3 November 2042 | PLN | 350000000.00 |
| 1742_GMTN1442_00_2 | 10-Nov-22 | 10-Nov-23 | PLN300mn 9.25% Notes due 10 November 2023 | PLN | 300000000.00 |
|  |  |  | PLN TOTAL |  | 1200000000.00 |
| 1730_GMTN1431_00_2 | 7-Oct-22 | 7-Oct-37 | USD15mn 4.90% Callable Notes due 7 October 2037 | USD | 15000000.00 |
| 1734_GMTN1436_00_2 | 21-Oct-22 | 21-Oct-27 | USD50mn 4.625% Callable Notes due 21 October 2027 | USD | 50000000.00 |
| 1736_GMTN1437_00_2 | 24-Oct-22 | 24-Oct-25 | USD150mn 4.90% Callable Notes due 24 October 2025 | USD | 150000000.00 |
| 1739_GMTN1439_00_2 | 27-Oct-22 | 27-Oct-25 | USD15.101mn 3.92% Notes due 27 October 2025 | USD | 15101000.00 |
| 1744_GMTN1444_00_2 | 18-Nov-22 | 18-Nov-27 | USD50mn 5.30% Callable Notes due 18 November 2027 | USD | 50000000.00 |
| 1745_GMTN1445_00_2 | 21-Nov-22 | 21-Nov-27 | USD50mn 5.53% Callable Notes due 21 November 2027 | USD | 50000000.00 |
| 1747_GMTN1447_00_2 | 6-Dec-22 | 6-Dec-27 | USD50mn 5.39% Callable Notes due 6 December 2027 | USD | 50000000.00 |
| 1748_GMTN1448_00_2 | 8-Dec-22 | 8-Dec-27 | USD50mn 5.0% Callable Notes due 8 December 2027 | USD | 50000000.00 |
| 1749_GMTN1450_00_2 | 19-Dec-22 | 19-Dec-23 | USD29mn 4.8225% Notes due 19 December 2023 | USD | 29000000.00 |
| 1750_GMTN1449_00_2 | 19-Dec-22 | 19-Dec-37 | USD15mn Zero Coupon Callable Notes due 19 December 2037 | USD | 15000000.00 |
| 1751_GMTN1451_00_2 | 22-Dec-22 | 22-Dec-23 | USD50mn 4.80% Notes due 22 December 2023 | USD | 50000000.00 |
| 1752_GMTN1452_00_2 | 22-Dec-22 | 22-Dec-23 | USD50mn 4.846% Notes due 22 December 2023 | USD | 50000000.00 |
|  |  |  | USD TOTAL |  | 574101000.00 |

---

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**APPENDIX B**

#### SUMMARY OF REDEMPTIONS

#### FOR THE FOURTH QUARTER 2022

#### <br>

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **CCY** | **SECID** | **MATURITY DATE** | **REDEMPTION DATE** | **DESCRIPTION** | **EARLY REDEMPTION** | **FINAL REDEMPTION** |
| <u>CNY</u> |  |  |  |  |  |  |
| CNY | 1377_GMTN1096_00_2 | 15-Nov-22 | 15-Nov-22 | CNY370mn 2.60% Notes due<br> 15 November 2022 | 0.00 | 370000000.00 |
|  |  |  |  | CNY - TOTAL | 0.00 | 370000000.00 |
| <u>GBP</u> |  |  |  |  |  |  |
| GBP | 1228_GMTN0956_00_1 | 15-Dec-22 | 15-Dec-22 | GBP400mn 1.00% Notes due 15 December 2022 | 0.00 | 400000000.00 |
| GBP | 1228_GMTN0956_01_1 | 15-Dec-22 | 15-Dec-22 | GBP100mn 1.00% Notes due 15 December 2022 | 0.00 | 100000000.00 |
| GBP | 1228_GMTN0956_02_1 | 15-Dec-22 | 15-Dec-22 | GBP100mn 1.00% Notes due 15 December 2022 | 0.00 | 100000000.00 |
|  |  |  |  | GBP - TOTAL | 0.00 | 600000000.00 |
| <u>HKD</u> |  |  |  |  |  |  |
| HKD | 1490_GMTN1207_00_2 | 8-Dec-22 | 8-Dec-22 | HKD300mn 0.17% Notes due 8 December 2022 | 0.00 | 300000000.00 |
| HKD | 1492_GMTN1209_00_2 | 16-Dec-22 | 16-Dec-22 | HKD300mn 0.15% Notes due 16 December 2022 | 0.00 | 300000000.00 |
| HKD | 1629_GMTN1337_00_2 | 20-Dec-22 | 20-Dec-22 | HKD115mn 0.00% Notes due 20 December 2022 | 0.00 | 115000000.00 |
|  |  |  |  | HKD - TOTAL | 0.00 | 715000000.00 |
| <u>INR</u> |  |  |  |  |  |  |
| INR | 1201_GMTN0929_00_1 | 20-Dec-22 | 20-Dec-22 | INR14bn 5.90% Notes due 20 December 2022 payable in United States dollars | 0.00 | 14000000000.00 |
|  |  |  |  | INR - TOTAL | 0.00 | 14000000000.00 |
| <u>JPY</u> |  |  |  |  |  |  |
| JPY | 0289_GMTN065_00_2 | 6-Oct-22 | 6-Oct-22 | JPY1.0bn FX-Linked Notes due 6 October 2022 | 0.00 | 1000000000.00 |
|  |  |  |  | JPY - TOTAL | 0.00 | 1000000000.00 |
| <u>KZT</u> |  |  |  |  |  |  |
| KZT | 1480_GMTN1187_00_1 | 22-Oct-22 | 22-Oct-22 | KZT3.875bn 10.12% Amortizing Notes due 22 October 2022 | 0.00 | 3618559018.50 |
|  |  |  |  | KZT - TOTAL | 0.00 | 3618559018.50 |
| <u>MNT</u> |  |  |  |  |  |  |
| MNT | 1425_GMTN1143_00_1 | 24-Apr-25 | 24-Oct-22 | MNT21bn 10.10% Amortizing Notes due 24 April 2025 payable in United States dollars | 2625000000.00<br> <sup>a</sup> | 0.00 |
|  |  |  |  | MNT - TOTAL | 2625000000.00 | 0.00 |
| <u>NOK</u> |  |  |  |  |  |  |
| NOK | 1370_GMTN1089_00_2 | 4-Oct-22 | 4-Oct-22 | NOK1bn 1.5% Notes due 4 October 2022 | 0.00 | 1000000000.00 |
|  |  |  |  | NOK - TOTAL | 0.00 | 1000000000.00 |
| <u>RUB</u> |  |  |  |  |  |  |
| RUB | 1376_GMTN1095_00_2 | 28-Oct-22 | 28-Oct-22 | RUB585mn 4.28% Notes due 28 October 2022 | 0.00 | 585000000.00 |
| RUB | 1384_GMTN1103_00_2 | 25-Nov-22 | 25-Nov-22 | RUB681mn 4.2% Notes due 25 November 2022 | 0.00 | 681000000.00 |
|  |  |  |  | RUB - TOTAL | 0.00 | 1266000000.00 |
| <u>TRY</u> |  |  |  |  |  |  |
| TRY | 1216_GMTN0945_00_2 | 09-Nov-22 | 09-Nov-22 | TRY700mn Zero Coupon Deep Discount Notes due 9 November 2022 | 0.00 | 700000000.00 |
| TRY | 1221_GMTN0950_00_2 | 21-Nov-22 | 21-Nov-22 | TRY100mn 9.00% Notes due 21 November 2022 | 0.00 | 100000000.00 |
| TRY | 1224_GMTN0953_00_2 | 14-Dec-22 | 14-Dec-22 | TRY400mn Zero Coupon Deep Discount Notes due 14 December 2022 | 0.00 | 400000000.00 |
|  |  |  |  | TRY - TOTAL | 0.00 | 1200000000.00 |
| <u>ZAR</u> |  |  |  |  |  |  |
| ZAR | 1484_GMTN1200_00_2 | 25-Nov-22 | 25-Nov-22 | ZAR500mn 4.15% Notes due 25 November 2022 | 0.00 | 500000000.00 |
| ZAR | 1620_GMTN1329_00_2 | 5-Oct-22 | 5-Oct-22 | ZAR750mn 5.10% Notes due 5 October 2022 | 0.00 | 750000000.00 |
|  |  |  |  | ZAR - TOTAL | 0.00 | 1250000000.00 |

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<sup>a</sup> Amortized notional on indicated Redemption Date

 

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Appendix C

<u>RESOLUTION</u>

**GLOBAL BORROWING AUTHORIZATION FOR 2023**

WHEREAS

The Asian Development Bank (ADB) has determined to borrow funds in 2023;

NOW THEREFORE BE IT RESOLVED AS FOLLOWS:

1.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; ADB is hereby authorized to undertake borrowings from time to time during 2023 and, for this purpose, (i) to create and sell issues of obligations with final maturities of one day or more from the date of issue (Bonds), and (ii) to undertake direct borrowings of funds for terms of one day or more (Direct Borrowings) in accordance with the provisions of this Resolution. For the avoidance of doubt, Bonds may provide for early redemption at any time prior to final maturity, and Direct Borrowings may provide for prepayment at any time prior to the end of their term.

(i) The aggregate amount of proceeds of Bonds and Direct Borrowings authorized by this Resolution shall not exceed the equivalent of thirty-three billion five hundred million United States dollars ($33500000000).

(ii) For the purposes of subparagraph (i) above, the United States dollar equivalent of the proceeds of each issue of Bonds or Direct Borrowings with final maturities of less than one year or which is no longer outstanding within 2023, shall not be counted under the authorized borrowing program limit.

(iii) For the purposes of subparagraph (i) above, the United States dollar equivalent of the proceeds of each issue of Bonds and each Direct Borrowing shall be determined on the basis of the exchange rate prevailing on the date the Bonds or the Direct Borrowing are priced.

2.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; The President or any Vice-President is authorized to approve each issue of Bonds and each Direct Borrowing. The Treasurer is authorized to approve (i) each issue of Bonds under the Global Medium-Term Note Program involving principal amounts (or, in the case of non-interest bearing or deep discount Bonds, aggregate proceeds) not exceeding $5.0 billion equivalent per issue; and (ii) each issue of Bonds under any local currency medium-term note program, and each issue of Bonds (not under the Global Medium-Term Note Program and any local currency medium-term note program) denominated in currencies that ADB has previously issued in, involving principal amounts (or, in the case of non-interest bearing or deep discount Bonds, aggregate proceeds) not exceeding $2.0 billion equivalent per issue. In this connection, the President, any Vice-President, or the Treasurer, as the case may be, is authorized to determine, to the extent relevant, in respect thereof:

(i) currency and principal amount;

(ii) amount of proceeds;

<br> (iii) market(s);

<br> (iv) title and form;

<br> (v) price;

<br> (vi) issuance date(s);

<br> (vii) drawdown date(s);

<br> (viii) maturity date(s);

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<br> (ix) interest rate(s) and interest payment date(s); and

<br> (x) any other applicable terms and conditions, and to do any and all such other acts as the President, any Vice-President, or the Treasurer, as the case may be, shall deem necessary or advisable to carry fully into effect the transactions authorized by this Resolution.

3.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; ADB is further authorized to undertake borrowings from time to time during the same period to refinance its existing borrowings. The President, any Vice-President, or the Treasurer, as the case may be, is authorized to approve each such refinancing transaction and to make, in respect of each such refinancing transaction, the determinations contemplated by para. 2 above. Such refinancing transactions shall not be subject to the limitation set forth in para. 1 above.

4.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Except as provided in this Resolution or as the President or a Vice-President may otherwise determine, the Borrowing Regulation of ADB shall apply to Bonds, Direct Borrowings, and refinancing transactions authorized by this Resolution.

5.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; The Board of Directors will be notified of the terms of each bond issue completed on a quarterly basis.

6.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Formal action in connection with any specific borrowing hereunder shall be subject to the approvals of the governments of the countries concerned, as required by Article 21(i) of the Agreement Establishing the Asian Development Bank.

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Appendix D

<u>RESOLUTION</u>

**GLOBAL AUTHORIZATION FOR SWAP TRANSACTIONS IN 2023**

WHEREAS

The Asian Development Bank (ADB) intends to enter into currency swap, interest rate swap, and repurchase transactions in 2023;

NOW THEREFORE BE IT RESOLVED AS FOLLOWS:

1.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; ADB is hereby authorized to undertake from time to time during 2023 any currency swap transactions, interest rate swap transactions, cross-currency rate swap transactions, repurchase transactions, and transactions of a similar nature (each, a swap transaction) in accordance with the provisions of this Resolution.

2.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; The President or any Vice-President may approve the undertaking of any swap transaction in connection with any of ADB's borrowings and asset and liability management transactions with such party or parties and on such terms and conditions as the President or any Vice-President shall determine. The Treasurer may approve the undertaking or termination of any swap transaction in connection with (i) ADB's borrowings under the Global Medium-Term Note Program involving principal amounts (or, in the case of non-interest bearing or deep discount borrowings, aggregate proceeds) not exceeding $5.0 billion equivalent per borrowing; (ii) ADB's borrowings under any local currency medium-term note program, and ADB's other borrowings (not under the Global Medium-Term Note Program and any local currency medium-term note program) denominated in currencies that ADB has previously issued in, involving principal amounts (or, in the case of non-interest bearing or deep discount borrowings, aggregate proceeds) not exceeding $2.0 billion equivalent per borrowing; and (iii) ADB's asset and liability management transactions, involving principal amounts (or, in the case of non-interest bearing or deep discount borrowings, aggregate proceeds) not exceeding $1.0 billion equivalent per transaction, in each case with such party or parties and on such terms and conditions as the Treasurer shall determine.

3.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Any Authorized Representative (as hereinafter defined) may, in the name and on behalf of ADB, (i) sign and deliver any agreement or document providing for any swap transaction approved by the President, any Vice-President, or the Treasurer, as the case may be, in accordance with para. 2 above; and (ii) execute and deliver all such other documents and do all such other acts as he or she shall deem necessary or advisable in order to carry fully into effect the authority granted him or her under this Resolution.

4.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; For the purposes of para. 3, the approval and determinations of the President, a Vice- President, or the Treasurer, as the case may be, shall be conclusively evidenced by execution by an Authorized Representative of any agreement or other document providing for such swap transaction.

5.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; For the purposes of this Resolution, "Authorized Representative" means

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(i) any of the following officers of ADB: the President, a Vice-President, the Treasurer; the General Counsel; Head, Office of Risk Management; the Deputy Treasurer; the Deputy General Counsel; an Assistant Treasurer; an Assistant General Counsel; Advisor, Office of the Head, Office of Risk Management and Head, Treasury and Operational Risk Unit, Office of Risk Management; a Principal Treasury Specialist; Principal Risk Management Specialist; a Principal Counsel; and a Senior Risk Management Specialist; and

(ii) in reference to any particular swap transaction undertaken in connection with ADB's borrowings and asset and liability management transactions, any person who may be designated in writing by the President or a Vice-President as an Authorized Representative for the purposes of this Resolution, or any provision thereof, with respect to such swap transaction.

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