AIIB completes US$200m DNN tap issuance through Euroclear
25 October 2024 China
Image: tostphoto/stock.adobe.com
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鈥檚 sustainable development bond programme.
Originally issued in August as AIIB鈥檚 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鈥檚 D-FMI platform allowed the AIIB鈥檚 DNN to benefit from the same liquidity advantages as traditional issuances.
鈥淭he DNN鈥檚 tap issuance underscores the significance of large-volume bond reopenings in the global debt market, enhancing liquidity crucial for effective refinancing,鈥� Euroclear comments. 鈥淚t reflects a growing confidence in digital assets in mainstream finance.鈥�
This addition brings the total issued amount to US$500 million, says Euroclear, enhancing AIIB鈥檚 sustainable development bond programme.
Originally issued in August as AIIB鈥檚 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鈥檚 D-FMI platform allowed the AIIB鈥檚 DNN to benefit from the same liquidity advantages as traditional issuances.
鈥淭he DNN鈥檚 tap issuance underscores the significance of large-volume bond reopenings in the global debt market, enhancing liquidity crucial for effective refinancing,鈥� Euroclear comments. 鈥淚t reflects a growing confidence in digital assets in mainstream finance.鈥�
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