Beijing, February 20, 2025

AIIB Pioneers First HKD Public Bond

The Asian Infrastructure Investment Bank (AIIB, AAA/Aaa/AAA) priced its inaugural public benchmark in Hong Kong dollars (HKD) on February 19. The transaction marks the first bond issued in a public format by an international issuer and will settle locally in the Central Moneymarkets Unit (CMU).

The 3-year Sustainable Development Bond pays an annual coupon of 3.847% and raised HKD4 billion. It was well received by investors both domestically and across APAC with a final order book of over HKD9 billion and more than 25 orders.

This first-of-its-kind issuance recognizes the opening of the public HKD market to international issuers and will help enable investors to diversify their assets while supporting AIIB in expanding its public market presence.

“We are delighted to see such robust demand from a diverse investor base,” said Domenico Nardelli, AIIB Treasurer. "This debut issuance leverages AIIB's proven track record as a frequent issuer of private placements in HKD. Given the strong support we received from investor engagement, we saw an opportunity to bring this public transaction forward and value the opportunity to play a leading role in this market."

“The depth and sophistication of the HKD market make it an attractive environment for issuers like AIIB,” said Darren Stipe, AIIB Head of Funding. “By undertaking a public transaction settled in CMU we can reach a broader investor base while improving HKD liquidity. We have successfully achieved these goals by having more than 15 new investors in the transaction.”

The Bank of China (Hong Kong) Limited, HSBC and Standard Chartered were the joint lead managers for the transaction.

AIIB Sustainable Development Bonds fund infrastructure projects that drive economic growth, promote climate resilience and improve lives, aligning with the Bank’s mission to foster "Infrastructure for Tomorrow."

Key Transaction terms

Issuer

Asian Infrastructure Investment Bank (“AIIB”)

Rating

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

Issue Amount

HKD 4,000,000,000

Status

Direct and Unsecured

Pricing Date

February 19, 2025

Settlement Date

February 26, 2025

Maturity Date

February 26, 2028

Coupon

3.847% p.a.

Re-offer Spread to mid swaps

+0 bps

Re-offer Price

100%

Re-offer Yield

3.847%

ISIN

HK0001110961

Listing

Luxembourg Stock Exchange

Lead Managers

Bank of China (Hong Kong) Limited, HSBC, Standard Chartered

 

Investor Distribution:

By Investor Type

 

Central Banks/Official Institutions

5%

Bank Treasuries

77%

Asset Managers/Pension Funds

6%

Others

13%

 

By Investor Region

 

Hong Kong, China

91%

APAC (Excluding Hong Kong, China)

9%

 

About AIIB

The Asian Infrastructure Investment Bank (AIIB) is a multilateral development bank dedicated to Financing Infrastructure for Tomorrow in Asia and beyond, with sustainability at its core. Established in 2016, AIIB now has110 approved members worldwide, is capitalized at USD100 billion, and is AAA-rated by the major international credit rating agencies. AIIB collaborates with partners to unlock new capital and invest in green, technology-enabled infrastructure that enhances regional connectivity.

NOTHING IN THIS ELECTRONIC TRANSMISSION CONSTITUTES AN OFFER OF SECURITIES FOR SALE IN THE UNITED STATES OF AMERICA OR ANY OTHER JURISDICTION WHERE IT IS UNLAWFUL TO DO SO.

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+86 10 8358 0683

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