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China-Led Investment Bank Set For First U.S. Dollar Bond Sale

The earliest that the Asian Infrastructure Investment Bank (AIIB) will sell its first U.S.-dollar-denominated bonds will be about midyear because certain procedures will take time, such as the Board of Governors’ approval of AIIB’s 2017 financial statements. Photo: Visual China
The earliest that the Asian Infrastructure Investment Bank (AIIB) will sell its first U.S.-dollar-denominated bonds will be about midyear because certain procedures will take time, such as the Board of Governors’ approval of AIIB’s 2017 financial statements. Photo: Visual China

The China-backed Asian Infrastructure Investment Bank (AIIB) may sell its first U.S.-dollar-denominated bonds to raise at least $1 billion as soon as by the end of June.

The earliest issuance window will be “toward the end of the first half of 2018” because certain procedures will take time, such as the Board of Governors’ approval of AIIB’s 2017 financial statements as well as borrowing and swap documentation, the official Xinhua News Agency reported on Sunday, citing a statement from Soren Elbech, the Beijing-based bank’s treasurer.

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