Asian Development Bank prices first international RMB bond in Hong Kong.

Text of report in English by official Chinese news agency Xinhua (New China News Agency)

[Xinhua: "ADB Prices First International RMB Bond"]

Hong Kong, Oct. 19 (Xinhua) - The Asian Development Bank said Tuesday it has priced its first international RMB-denominated bond, which will provide a long-term pricing reference for other borrowers.

The 10-year-term bond issued in Hong Kong, carrying an annual coupon of 2.85 per cent, has been oversubscribed more than two times, which led to an increase of the issue size from 1 billion yuan (1.5 billion US dollars) to 1.2 billion yuan, the Manila-based bank said.

"The bond will act as a useful benchmark for …