Asian Infrastructure Investment Bank issues first digital bond
ECONOMY & POLICY

Asian Infrastructure Investment Bank issues first digital bond

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)

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)

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