Commentary & Deal Flow

Reoffer: 10yr: SARON MS+20 / 100 / 0.783%
Benchmark: Govt.+38

• Issuer: Asian Infrastructure Investment Bank (Ticker: AIIB)
• Issuer Domicile: Supranational
• Format: Public Fixed-Rate Notes
• Status: Senior Unsecured Debt
• Type: Sustainability Development Bond
• Issuer Rating: Aaa/AAA/AAA (Moody's/S&P/Fitch)
• Instrument Rating (exp): Aaa/AAA/AAA (Moody's/S&P/Fitch)
• Issue Size (in mm): CHF 110m
• Coupon: 0.7825% p.a.
• Maturity: 10 years (30-Apr-26 until 30-Apr-36)
• Issue Price: 100.000%
• Spread/Yield: SARON MS +20.0 // YTM 0.783% // Govt.+38
• ISIN / Security Number: CH1548688287 / 154868828
• Lead Manager(s): UBS
• Co Manager(s): BLKB / Raiffeisen
• SNB Repo-eligibility: At the discretion of the SNB, expected yes
• Documentation: Off AIIB’s Global Medium-Term Note Program, dated 2-Mar-23 and first supplement dated 10-Apr-24
• FinSA Prospectus: No prospectus required in accordance with Art. 37(1) (h.) FinSA
• Governing Law: English law
• Covenants: Pari Passu and Events of Default
• SIX Listing: 28-Apr-26
• Denomination: CHF 5000
• Use of Proceeds: As per the “Use of Proceeds” set out in the Base Prospectus dated 2-Mar-23
• Sales Restrictions: In accordance with the selling restrictions of AIIB’s Global Medium-Term Note Program