The Asian Infrastructure Investment Bank (AIIB) successfully issued its first digital bond, raising $300 million, according to a statement from Euroclear.

This marks the first dollar-denominated digital bond issuance for Euroclear and the inaugural issuance by an Asia-based entity on its platform, utilising distributed ledger technology.

Digital bonds, which are debt instruments issued on a blockchain or distributed ledger, represent a significant innovation in financial markets.

The bond, rated 'AAA' by Moody's, Standard & Poor's, and Fitch Ratings, was issued to support AIIB's sustainable bond program.

Citigroup and BMO Capital Markets acted as the bankers for the transaction. (ET)