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AIIB eyes dollar bond

   9:20 am        215   

The Asian Infrastructure Investment Bank (AIIB) said on Saturday that it may issue its first US dollar-denominated bond as soon as the end of June this year.

Soren Elbech, treasurer of the Beijing-based multilateral development bank, said in a statement that the earliest issuance window will be “toward the end of the first half of 2018,” with time required for certain procedures, including the Board of Governors’ approval of AIIB’s 2017 financial statements as well as borrowing and swap documentation.

From Xinhua