Commentary & Deal Flow

Final book closed in excess of US$13.9bn (incl. US$550m JLM interest)
Launched: 5yr: US$2bn @ SOFR MS+32bp - Books in excess of US$13bn (incl. US$550m JLM interest)
Guidance: 5yr: SOFR MS+34a - IOIs in excess of US$8.5bn (incl. US$550m JLM interest)
IPTs: 5yr: SOFR MS+36a

• Issuer: Asian Infrastructure Investment Bank (AIIB)
• Issue Ratings: Aaa/AAA/AAA (Moody's/S&P/Fitch)
• Format: SEC-Registered Global Sustainable Development Bond Benchmark
• Size: US$2bn
• Settlement: 22-Apr-26 (T+5)
• Maturity: 22-Apr-31
• Coupon: Fixed, semi-annual, 30/360
• Spread: SOFR MS+32
• Reference Gilt: T 3 7/8 31-Mar-31 / HR 101%
• Hedge Deadline: 14:20 LDN / 09:20 ET
• Listing: The notes are expected to be listed on the Main Market of the London Stock Exchange
• Denominations: US$1k + US$1k
• Docs: Issuer’s SEC Registration Statement
• Target Market: Retail / Professional / Eligible Counterparties (MiFID II/UK MIFIR , all distribution channels)
• Joint Leads: BofA, DB, MS, RBC (B&D/DM)
• ISIN: US04522KAT34
• Schedule: EMEA/APAC books to close at 10am UKT. US books to close at 1pm UKT / 8am EST.