By Wendy Van Sickle
Columbus, Ohio, March 6 – Asian Infrastructure Investment Bank (Aaa/AAA/AAA) sold $1.25 billion of 4¼% notes due 2034 at 99.1 to yield 4.362%, according to an FWP filing with the Securities and Exchange Commission.
The non-callable notes priced with a spread of 25 basis points over the benchmark U.S. Treasury.
Citigroup Global Markets Ltd., Merrill Lynch International and Nomura International plc are the bookrunners.
Proceeds will be included in the ordinary resources of the bank.
The SEC-registered notes will be listed on the London Exchange.
Asian Infrastructure Investment Bank is based in Beijing.
| Issuer: | Asian Infrastructure Investment Bank
|
| Amount: | $1.25 billion
|
| Issue: | Notes
|
| Maturity: | March 13, 2034
|
| Bookrunners: | Citigroup Global Markets Ltd., Merrill Lynch International and Nomura International plc
|
| Counsel to issuer: | Sullivan & Cromwell LLP
|
| Counsel to underwriters: | Latham & Watkins LLP
|
| Coupon: | 4¼%
|
| Price: | 99.1
|
| Yield: | 4.362%
|
| Spread: | Treasuries plus 25 bps
|
| Pricing date: | March 6
|
| Settlement date: | March 13
|
| Issuer ratings: | Moody’s: Aaa
|
| S&P: AAA
|
| Fitch: AAA
|
| Distribution: | SEC registered
|
| Cusip: | 04522KAM8
|
|
|
© 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.
