Beijing, September 04, 2025

AIIB Completes 2025 Public Funding Program with USD2 Billion 3-Year Benchmark

The Asian Infrastructure Investment Bank (AIIB, AAA/Aaa/AAA) has completed its 2025 public funding program with the successful issuance of a 3-year SEC-registered USD benchmark bond.

The USD2 billion transaction attracted an order book in excess of USD6.2 billion from more than 110 investors, enabling a 3-basis point tightening to price at a reoffer spread of +31 basis points versus mid swaps, equivalent to 3.5 basis points above U.S. Treasuries. This brings year to date funding to USD9.5 billion and completing 95 percent of the Bank’s annual program.

Priced on September 3, this was AIIB’s third USD benchmark in 2025 following earlier 5-year and 10-year transactions. It marks the first time the Bank has issued three USD benchmarks in a single calendar year, strengthening AIIB’s USD curve and reinforcing the Bank’s commitment to maintaining a robust and liquid curve.

“We are thrilled to conclude the 2025 funding program with such a strong result,” said Domenico Nardelli, Treasurer at AIIB. “This year, AIIB has completed nine benchmark issuances across seven currencies, reflecting exceptional support from our global investor base and their confidence in AIIB’s mission.”

“Our objective for 2025 was to issue three USD benchmarks across the curve and we have achieved this with consistently strong investor demand,” added Darren Stipe, AIIB Head of Funding. “The resilience of the SSA bond market, even against tightening spreads to U.S. Treasuries, highlights the strength of investor support.

Key Transaction Terms

Issuer

Asian Infrastructure Investment Bank (“AIIB”)

Rating *

Aaa/AAA/AAA (Moody’s, S&P and Fitch), all stable

Issue Amount

USD 2,000,000,000

Status

Direct and Unsecured

Pricing Date

3 September 2025

Settlement Date

10 September 2025 (T+5)

Maturity Date

15 September 2028

Coupon

 3.625%, Semi-Annual, 30/360, Following, Unadjusted

Re-offer Spread to mid swaps

+ 31bps

Re-offer Price

99.934

Re-offer Yield

3.648%

ISIN

US04522KAR77

Listing

London Stock Exchange’s Main Market

Lead Managers

HSBC, Morgan Stanley, RBC Capital Markets, TD Securities

 

Investor Distribution

By Investor Type

 

Central Banks/Official Institutions

59%

Bank Treasuries

30%

Asset Managers/Pension Funds

11%

 

By Investor Region

 

EMEA

44%

Americas

30%

APAC

26%

 

About AIIB

The Asian Infrastructure Investment Bank is a multilateral development bank dedicated to financing “Infrastructure for Tomorrow,” with sustainability at its core. AIIB began operations in 2016, now has 110 approved members worldwide, is capitalized at USD100 billion and is AAA-rated by major international credit rating agencies. AIIB collaborates with partners to mobilize capital and invest in infrastructure and other productive sectors that foster sustainable economic development and enhance regional connectivity.

 

NOT FOR PUBLIC RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF SUCH JURISDICTION

This news release is directed only at persons (i) outside the United Kingdom; (ii) that have professional experience in matters relating to investments falling within Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (the “Order”); (iii) falling within Article 49(2)(a) to (d) (“high net worth companies, unincorporated associations, etc.”) of the Order or (iv) to whom this announcement may otherwise be directed without contravention of Section 21 of the Financial Services and Markets Act 2000 (all such persons together being referred to as “relevant persons”). This news release must not be acted on or relied on by persons who are not relevant persons. Any investment or investment activity to which this notice relates is available only to relevant persons and will be engaged in only with relevant persons.

This news release is not an offer of the securities for sale in the United States. These securities may not be offered or sold in the United States absent registration or an exemption from registration. Any public offering of these securities to be made in the United States will be made by means of a prospectus that contains detailed information about the issuer and management, as well as financial statements, which prospectus may be obtained from one of the lead managers or issuer. A registration statement relating to the public offering of these securities in the United States has been filed with the U.S. Securities and Exchange Commission and has become effective under the U.S. Securities Act of 1933, as amended.

This news release may contain forward-looking statements. Statements that are not historical facts are statements about AIIB’s beliefs and expectations and may include forward-looking statements. These statements are identified by words such as “expect” and “will” and words of similar meaning. Forward-looking statements are inherently subject to risks and uncertainties, many of which cannot be predicted with accuracy and some of which might not even be anticipated. Future events and actual financial and other results may differ materially from the results discussed in the forward-looking statements. Therefore, you should not place undue reliance on them. Factors that might cause such a difference include, but are not limited to, those discussed in the registration statement (including a prospectus and prospectus supplement) that AIIB has filed with the SEC, including the documents expressly

incorporated by reference therein, such as the effects of losses from the bank’s financing or investment activities.

MiFID II and UK MiFIR – retail investors, professional investors and ECPs target market – Manufacturer target market (MIFID II and UK MiFIR product governance) is eligible counterparties and professional clients (all distribution channels) and also retail clients (suitability- or appropriateness-based distribution channels).

* A securities rating is not a recommendation to buy, sell or hold securities and may be subject to revision or withdrawal at any time.

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