ICBC International recently announced that it will assist the Asian Infrastructure Investment Bank (AIIB) in successfully completing the US$3 billion global sustainable bond issuance.
In the environment where the Novel Coronary Pneumonia (Covid-19) epidemic has swept the world and the international financial markets have experienced significant shocks, the successful issuance of this bond has set a benchmark for the subsequent issuance of bonds by other international multilateral organizations and super-sovereign institutions.
This is the second global issuance of U.S. dollar bonds since the AIIB issued its first U.S. dollar bonds in 2019. This is also the first time AIIB has issued a global sustainable development bond with an issuance period of 5 years and a coupon rate of 0.50%.
The funds raised will be used to help countries and regions fight the epidemic, promote economic recovery and sustainable development, strengthen Asian infrastructure investment, further promote regional cooperation, and respond to development challenges.
ICBC International served as the joint lead underwriter and joint bookkeeper in this transaction.
This is also the second time ICBC International has cooperated with the AIIB after underwriting the AIIB's first global USD bond in 2019.
The bond issuance has been actively subscribed by a large number of high-quality investors from nearly 30 countries around the world. The types of investors include sovereign investment institutions, central banks, commercial banks, funds, insurance, pensions, etc. worldwide.