AIIB Extends its Yield Curves with USD and EUR Benchmark Issuances

The Asian Infrastructure Investment Bank (AIIB, AAA/Aaa/AAA) priced its second benchmark transaction within a week, reinforcing the Bank’s commitment to issuing across currencies and maturities.

On May 14, AIIB priced USD1 billion with its second benchmark 10-year U.S. dollar Sustainable Development Bond since issuing in the same tenor in 2024. The bond attracted a high-quality order book of over USD8 billion from more than 120 investors globally. With 4 basis points of tightening, the bond priced at mid-swaps +61 basis points, equivalent to CT10+10.175bp, achieving the tightest re-offer spread to 10-year U.S. Treasuries since 2021.

This followed the issuance of a EUR1 billion 7-year benchmark bond the previous week, emphasizing AIIB’s position as a frequent and strategic issuer with diversified access to global capital markets. Together the two trades bring AIIB’s 2025 funding to over USD7 billion equivalent, supporting its USD10 billion annual borrowing target.

"Extending our curve in both dollars and euros supports a well-balanced funding profile and provides greater flexibility as we grow our lending operations,” AIIB Treasurer Domenico Nardelli said.

Darren Stipe, AIIB Head of Funding, said: “Despite heightened market volatility in 2025, the strength of demand across both transactions reflects deep investor confidence in AIIB’s credit and sustainability framework. We are also seeing clear results from our continued investor outreach.”

Proceeds from the bonds will finance sustainable infrastructure projects across AIIB’s members.

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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. Learn more at www.aiib.org.

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