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Asian Infrastructure Investment Bank issues its first digital bond
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Asian Infrastructure Investment Bank issues its first digital bond
Aug 29, 2024 2:04 AM

Aug 23 (Reuters) - The Asian Infrastructure Investment

Bank issued its first digital bond on Friday, raising $300

million, Euroclear said in a statement.

The issue is the first dollar-denominated digital issuance

for Euroclear and the first issuance by an Asia-based issuer on

its platform, using its distributed ledger technology system.

Digital bonds are debt instruments that are issued on a

blockchain or a distributed ledger.

The note, rated 'AAA' by Moody's, Standard & Poor's and

Fitch Ratings was issued to support the multilateral development

bank's sustainable bond programme.

Citigroup ( C/PN ) and BMO Capital Markets were the bankers for the

transaction.

The note is listed on the Luxembourg Stock Exchange, with

the clearing of bonds also possible on the Hong Kong Monetary

Authority's Central Moneymarkets Unit and the SIX Swiss

Exchange.

(Reporting by Archishma Iyer in Bengaluru; Editing by Mrigank

Dhaniwala)

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