China-backed AIIB may launch US dollar bond by end-June – Xinhua

Xinhua reported on Sunday the comments from the China-backed Asian Infrastructure Investment Bank (AIIB) treasurer Soren Elbech, as saying that the bank may issue its first U.S. dollar-denominated bond by the end of June this year.

Key Quotes via Reuters:

The earliest issuance window will be “toward the end of the first half of 2018,” to allow time for certain procedures, including the board of governors’ approval of AIIB’s 2017 financial statements as well as borrowing and swap documentation.

The minimum size of the bond would be $1 billion, but as demand for the first bond issue from AIIB may be strong, “we anticipate having to issue a larger size.”