The Asian Infrastructure Investment Bank (AIIB) has marked a significant milestone by issuing its first blockchain-based bond, raising $300 million.
This AAA-rated bond, featuring a 4% interest rate and maturing in January 2027, is the first of its kind in US dollars to be processed on Euroclear’s blockchain platform, previously used by the World Bank.
Citigroup and BMO Capital Markets played crucial roles, with Citi overseeing the bond’s distribution and settlement, and BMO Capital Markets assisting as a co-dealer.
AIIB Treasurer Domenico Nardelli noted that the bank will review market interest before deciding on future digital bond sales.
This issuance reflects a growing trend among major institutions adopting blockchain technology to streamline bond transactions and enhance market efficiency.
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