Xinhua Silk Road - Belt and Road Portal, China's silk road economic belt and 21st Century Maritime Silk Road Website Xinhua Silk Road - Belt and Road Portal, China's silk road economic belt and 21st Century Maritime Silk Road Website
Subscribe CustomBlackClose

Belt & Road Weekly Subscription Form

download_pop

Research ReportCustomBlackClose

The full edition of the report is available at Xinhua Silk Road Database. You can click the “Table of Content” to have a general understanding of it.

Click on the button below to create your account and get immediate access to thousands of articles.

Start a Free Trial

Agricultural Development Bank of China
Industry

AIIB floats RMB3 billion yuan panda bonds in China

June 12, 2020


Abstract : The Asian Infrastructure Investment Bank (AIIB) issued on Thursday 3 billion yuan worth of 3-year panda bonds on the China's interbank bond market, according to a statement issued by the AIIB.

BEIJING, June 12 (Xinhua) -- The Asian Infrastructure Investment Bank (AIIB) issued on Thursday 3 billion yuan worth of 3-year panda bonds on the China's interbank bond market, according to a statement issued by the AIIB.

This batch of bonds is the first of its kind issued by the AIIB with the coupon rate standing at 2.40 percent.

The raised funds will be used to support member countries to fight against the COVID-19 pandemic in the short term, said Jin Liqun, president and chairman of the bank, adding that in the long term, it will support AIIB's investment in sustainable infrastructure projects.

The panda bonds drew strong demand from investors with subscription ratio reaching 2.78 times the volume offered.

Headquartered in Beijing, the AIIB began operations in January 2016. It is a multilateral development bank with a mission to improve social and economic outcomes in Asia.

(Edited by Yang Yifan with Xinhua Silk Road, yangyifan@Xinhua.org)

Scan the QR code and push it to your mobile phone

Keyword: AIIB bond

Reading:

Haitong Securities, Nanjing Securities nodded to raise up to RMB20 bln, 6 bln in private placements

China's express-delivery competition intensifies amid coronavirus: Fitch

China to accelerate issuance, use of local government bonds

Foreign institutions complete RMB167.609 bln net bond buys on interbank market in May

Debenture bond issues contract in China in May

Write to Us belt & road login close

Do you want to be a contributor to Xinhua Silk Road and tell us your Belt & Road story? Send your articles to [email protected] and share your stories with more people.

Click on the button below to create your account and get im http://img.silkroad.news.cn/templates/silkroad/en2017te access to thousands of articles.

Start a Free Trial

Ask Us A Question belt & road login close

If you have any questions, please enter them in the box below.

Identifying code Reload

Write to Us belt & road login close

Do you want to be a contributor to Xinhua Silk Road and tell us your Belt & Road story? Send your articles to silkroadweekly@xinhua.org and share your stories with more people.

Click on the button below to create your account and get im http://img.silkroad.news.cn/templates/silkroad/en2017te access to thousands of articles.

Start a Free Trial