The Asian Infrastructure Investment Bank issued its first digital bond on Friday (Aug 23), raising US$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 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.
