AIIB raises HK$4bn sustainable bond

The Asian Infrastructure Investment Bank AIIB has secured a 3-year sustainable development bond raising of HK$4 billion $510 million.

The transaction marks the first bond issued in a public format by an international issuer and will settle on the Hong Kong Monetary Authority's HKMA's Central Moneymarkets Unit CMU. It is also the inaugural public benchmark in Hong Kong dollars HKD for the AIIB.

The bond pays an annual coupon of 3.847% 91% of the investors were from mainland China and Hong Kong, while the rest were from Asia Pacific, according to a AIIB media release. The final order book was HK$9...