LONDON – J.P. Morgan Securities PLC has announced that the Asian Infrastructure Investment Bank (AIIB) has concluded the offering of $2 billion in fixed-rate notes without undertaking stabilisation actions. The 5-year USD notes, carrying a coupon of 4.500%, are due on January 16, 2030, and are expected to be listed on the Main Market of the London Stock Exchange (LON:).
Stabilisation efforts, which can be employed by financial institutions to support the price of a security after its initial offering, were not deemed necessary by the Stabilisation Manager(s) for this particular issuance. The offer price was set at 99.699.
The securities offering by the AIIB, an international financial institution that focuses on supporting infrastructure development in Asia, was coordinated by J.P. Morgan Securities PLC, with additional management provided by BMO, CACIB, and CITI.
This issuance comes amid a broader context of financial institutions and governments seeking to raise capital through the debt markets. The AIIB’s successful raise without the need for stabilisation may reflect investor confidence in the institution and its financial instruments.
The announcement of the completion of the offering and the lack of stabilisation measures is based on a press release statement and is intended for informational purposes. It should not be considered an invitation or offer to underwrite, subscribe for, or otherwise acquire or dispose of any securities of the AIIB in any jurisdiction.
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