LONDON – JP Morgan Securities PLC announced that the Asian Infrastructure Investment Bank (AIIB) has closed an offering of $2 billion in fixed-rate notes without taking stabilization actions. The five-year USD notes, with a coupon of 4.500%, mature on January 16, 2030, and are expected to be listed on the Main Market London Stock Exchange (LON:).
Stabilization efforts, which may be applied by financial institutions to support the price of a security after its initial offering, were not deemed necessary by the stabilization manager(s) for this particular issue. The offered price was 99,699.
The offering of securities by AIIB, an international financial institution focused on supporting infrastructure development in Asia, was coordinated by JP Morgan Securities PLC, with additional management provided by BMO, CACIB and CITI.
This release comes amid the broader context of financial institutions and governments seeking to raise capital through debt markets. The successful increase of the AIIB without the need for stabilization may reflect investor confidence in the institution and its financial instruments.
The notification of the end of the offer and the lack of stabilization measures is based on the press release and serves for informational purposes. It should not be regarded as an invitation or offer to take, subscribe for or otherwise acquire or dispose of any securities of the AIIB in any jurisdiction.
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