By Wendy Van Sickle
Columbus, Ohio, May 20 – Asian Infrastructure Investment Bank (AIIB) priced $3 billion of ˝% five-year notes (Aaa/AAA/AAA) at 99.498 on Wednesday, according to an FWP filing with the Securities and Exchange Commission.
The notes priced to yield 0.602%, or Treasuries plus 26.1 basis points.
Bank of Montreal, London Branch, Citigroup Global Markets Ltd., Credit Agricole CIB, HSBC Bank plc and ICBC International Securities Ltd. are the joint lead managers for the Securities and Exchange Commission-registered offering.
Co-lead managers were Barclays, BNP Paribas, Goldman Sachs International, J.P. Morgan Securities plc, Standard Chartered Bank and Toronto-Dominion Bank.
Proceeds will be used for infrastructure and development projects in Asia.
The multilateral development bank is based in Beijing.
| Issuer: | Asian Infrastructure Investment Bank
|
| Issue: | Global bonds
|
| Amount: | $3 billion
|
| Maturity: | May 28, 2025
|
| Lead managers: | Bank of Montreal, London Branch, Citigroup Global Markets Ltd., Credit Agricole CIB, HSBC Bank plc and ICBC International Securities Ltd.
|
| Co-lead managers: | Barclays, BNP Paribas, Goldman Sachs International, J.P. Morgan Securities plc, Standard Chartered Bank and Toronto-Dominion Bank
|
| Coupon: | ˝%
|
| Price: | 99.498
|
| Yield: | 0.602%
|
| Spread: | Treasuries plus 26.1 bps
|
| Call: | Non-callable
|
| Pricing date: | May 20
|
| Settlement date: | May 28
|
| Ratings: | Moody’s: Aaa
|
| S&P: AAA
|
| Fitch: AAA
|
| Distribution: | Global
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
