AIIB reels in $3bn with SDB in sophomore effort
The Asian Infrastructure Investment Bank returned to the primary market for its second ever benchmark this week, raising $3bn close to fair value and debuting its new sustainable development bond branding.
The five year deal raised $3bn from a book of $3.6bn at a spread of 23bp over mid-swaps on Wednesday. BMO Capital Markets, Citi, Crédit Agricole, HSBC and ICBC ran the books, tightening the spread 1bp from initial price thoughts.The size of ...
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