BEIJING, June 1 (Xinhua) -- ICBC International recently announced that it has assisted the Asian Infrastructure Investment Bank (AIIB) in issuing a 3 billion U.S. dollar global sustainable development bond.
ICBC International, a wholly-owned subsidiary of Industrial and Commercial Bank of China (ICBC) in Hong Kong, acted as the co-lead underwriter and co-bookrunner for the transaction.
This is the second bond AIIB issued globally in U.S. dollar since the the first one in 2019. It is also the first bond for global sustainable development issued by the AIIB, with a maturity of five years and a coupon rate of 0.50 percent.
The fund raised will be used to assist countries and regions in fighting the epidemic, promoting economic recovery and sustainable development, strengthening infrastructure investment in Asia, deepening regional cooperation and addressing development challenges.
Performing as the only Chinese lead underwriter of this transaction, this is the second time for ICBC International to cooperate with the AIIB.
Many high-quality investors from nearly 30 countries around the world subscribed for the bond, including sovereign investment institutions, central banks, commercial banks, funds, insurers and pension management companies, etc., reflecting that the AIIB has received recognition from the international capital market for its credibility and contribution in driving sustainable regional development.
(Edited by Yang Qi with Xinhua Silk Road, kateqiyang@xinhua.org)
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