AIIB completes US$200m DNN tap issuance through Euroclear
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AIIB completes US$200m DNN tap issuance through Euroclear 25 October 2024China Reporter: Daniel Tison
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The Asian Infrastructure Investment Bank (AIIB) has completed a US$200 million tap of its first digitally native note (DNN) on Euroclear's Digital Financial Market Infrastructure (D-FMI).
This addition brings the total issued amount to US$500 million, says Euroclear, enhancing AIIB’s sustainable development bond programme.
Originally issued in August as AIIB’s inaugural DNN, this tap issuance highlights the scalability of digital innovations in capital markets, the firm adds.
BMO Capital Market and Citi, who also managed the initial issuance, served as joint lead managers, with Citi additionally acting as the issuing and paying agent.
Euroclear’s D-FMI platform allowed the AIIB’s DNN to benefit from the same liquidity advantages as traditional issuances.
“The DNN’s tap issuance underscores the significance of large-volume bond reopenings in the global debt market, enhancing liquidity crucial for effective refinancing,” Euroclear comments. “It reflects a growing confidence in digital assets in mainstream finance.”
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