Commentary & Deal Flow

Reoffer: 5yr: SOFR+34bp / 100

5yr: Final books closed in excess of US$1.4bn (Excluding JLM Interest)

Launched: 5yr: US$688m @ SOFR+34bp - Global books in excess of US$1.25bn (Excluding JLM Interest)
Spread set at: 5yr: SOFR+34bp - Books in excess of US$950mn (Excluding JLM Interest)
Guidance: 5yr: SOFR+35a

• Issuer: Asian Infrastructure Investment Bank (AIIB)
• Issuer Ratings: Aaa/AAA/AAA (Moody's/S&P/Fitch), all stable outlook
• Status: Senior Unsecured
• Format: Reg S/144A, only Reg S in NSS for ECB eligibility
• Size: US$688m
• Maturity: 29-Oct-31
• Settlement: 29-Oct-26 (T+3)
• Reoffer: 100
• Spread: SOFR+34bp
• Coupon: FRN, Compounded SOFR + 34bp, Quarterly, ACT/360
• Convention: SOFR Index where SOFR Index Start and SOFR Index End will be 5 days prior to Interest Period
• Law: English
• Listing: Luxembourg Stock Exchange's Regulated Market
• Denomination: US$1k+US$1k
• ISINs: XS3555722852 / US04522KAV89
• Docs: GMTN Programme, including all supplements thereto
• Bookrunners: BNPP / Daiwa / Scotiabank (B&D)
• B&D: Scotiabank
• Fees: A fee will be paid in connection to the transaction
• Timing: EMEA / APAC books closed. Americas books closing at 14:00 UKT / 10:00 NYT; Allocation and pricing to follow; Today's business
• Target Market: The manufacturer target markets (EU MiFID II/UK MiFIR product governance) are eligible counterparties, professionals, and retail (all distribution channels)
• UoP: Sustainable Development Bond pursuant to the Issuer's Sustainable Development Bond Framework