MANILA - The Asian Development Bank (ADB) on Friday said it has priced a five-year global bond of $4 billion, the proceeds of which will become part of ADB's ordinary capital resources.

The issue achieved wide primary market distribution, with 39 percent placed in Europe, the Middle East, and Africa; 38 percent in the Americas; and 23 percent in Asia.

By investor type, 42 percent went to central banks and official institutions, 38 percent to banks, and 20 percent to fund managers and other types of investors.

"We are very pleased with the ADB's third fixed-rate global benchmark issue of the year," said ADB Treasurer Tobias Hoschka.

"The nearly $12 billion orderbook represents an oversubscription of three times, demonstrating the enduring support of our investor base as an important cornerstone of our funding program to support development in Asia and the Pacific," he said.

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The ADB said it plans to raise about $35-36 billion from the capital markets in 2025.