Chicago, April 19 – Asian Infrastructure Investment Bank (AIIB) sold $500 million of floating-rate notes at SOFR plus 22 basis points (Aaa/AAA) at par, according to an offering document.
The floating rate has a SOFR floor of 0%.
The notes were talked in the SOFR plus 24 basis points area.
The maturity date is April1 15, 2026.
BMO, BNP Paribas and Citigroup Global Markets Ltd. are the joint lead managers for the Rule 144A and Regulation S deal.
The multilateral development bank is based in Beijing.
| Issuer: | Asian Infrastructure Investment Bank
|
| Issue: | Floating-rate notes
|
| Amount: | $500 million
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| Maturity: | April 15, 2026
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| Bookrunners: | BMO, BNP Paribas and Citigroup Global Markets Ltd.
|
| Coupon: | SOFR plus 22 bps
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| Price: | Par
|
| Yield: | SOFR plus 22 bps
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| Settlement date: | April 15
|
| Ratings: | Moody’s: Aaa
|
| S&P: AAA
|
| Distribution: | Rule 144A and Regulation S
|
| Price talk: | SOFR plus 24 bps
|
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