Odaily Planet Daily News Asian Infrastructure Investment Bank (AIIB), with the assistance of Citigroup Inc. and BMO Capital Markets, used blockchain technology to issue bonds for the first time, raising $300 million. AIIB Chief Financial Officer Domenico Nardelli said in an interview that the AAA-rated bonds have a coupon rate of 4% and will mature in January 2027. He also added that AIIB will assess secondary market demand before deciding whether to issue further such bonds next year. According to a statement, the bank became the first Asian institution to issue bonds on the Euroclear distributed ledger platform, and the digital bond sale was also the first dollar bond sale on the platform. Andrew Mulley, head of global products and agency trusts at Citigroup's securities services division, said Citi will assist in distributing the bonds and settling payments with issuers and investors. Citi and BMO are underwriters for the deal. Citi also served as issuing and paying agents. (Bloomberg)