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Source: People's Republic of China in Russian – People's Republic of China in Russian –
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Source: People's Republic of China – State Council News
BEIJING, March 10 (Xinhua) — The Asian Infrastructure Investment Bank (AIIB) on Tuesday announced the issuance of panda bonds totaling 3 billion yuan (about 434.9 million U.S. dollars), with both the subscription volume and the number of investors reaching record highs.
According to the bank, the bonds were issued for a three-year term and carry a coupon rate of 1.7%. A total of 34 investors subscribed for the bonds, with the total subscription amounting to 9 billion yuan. Due to strong investor demand, the issue size was increased from the initially planned 2 billion yuan to 3 billion yuan.
Foreign investors purchased 58 percent of the issued bonds, while Chinese investors purchased the remaining 42 percent.
As AIIB Treasurer and Acting Chief Financial Officer Domenico Nardelli noted, amid global market volatility, the Chinese bond market is functioning reliably and continues to demonstrate high attractiveness for high-quality issuers.
The AIIB launched in 2016 and currently has 111 members worldwide. To date, the bank has issued eight panda bonds totaling RMB 19.5 billion.
Panda bonds are renminbi-denominated debt securities issued by foreign issuers in China. They serve as an important funding channel for international institutions.
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