According to Bloomberg, the Asian Infrastructure Investment Bank (AIIB) has issued a AAA-rated note with a coupon rate of 4% and a maturity date of January 2027. AIIB became the first Asian institution to issue a note on the Euroclear distributed ledger platform.
The digital bond issuance is the first time the platform has been denominated in U.S. dollars. Citi will assist in distributing the bonds and settling payments with issuers and investors. Citi and BMO are underwriters for the transaction, with Citi also acting as issuing and paying agent.
Digital bonds account for a small but growing share of the overall fixed income market.
