AIIB Issues $224m in Sustainable Panda Bonds

The China-backed Asian Infrastructure Investment Bank (AIIB) has become the first international institution of its kind to issue sustainable development Panda bonds in the country’s interbank market, Xinhua reported.

AIIB, a multilateral development bank headquartered in Beijing, issued 1.5 billion yuan ($224 million) of three-year bonds with a coupon of 2.4%, with proceeds to be used for “sustainable development infrastructure construction” Xinhua reported.

Read the full report: Xinhua.

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Tags: China Bond Market

George Russell

George Russell is a freelance writer and editor based in Hong Kong who has lived in Asia since 1996. His work has been published in the Financial Times, The Wall Street Journal, Bloomberg, New York Post, Variety, Forbes and the South China Morning Post.