AIIB goes big with SDB

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By Lewis McLellan
20 May 2020

The Asian Infrastructure Investment Bank grabbed $3bn of five year paper on Wednesday, selling its first sustainable development bond. It was joined in the market by a 10 year dollar trade from Nederlandse Waterschapsbank.

AIIB hit screens on Tuesday with initial price thoughts of mid-swaps plus 24bp area. BMO Capital Markets, Citi, Crédit Agricole, HSBC and ICBC ran the books. Books opened on Wednesday morning with guidance unchanged and $2.3bn of indications of interest.

The book grew ...

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