Central banks prove eager investors in AIIB debut

Asia stock

Central banks and other official sector bodies proved eager buyers of the Asian Infrastructure Investment Bank’s first global bond issuance, snapping up two-thirds of the debt on offer.

The May 9 issuance saw $2.5 billion in five-year bonds issued, with orders surpassing $4.5 billion. As many as 90 large investors submitted orders, representing 27 countries.

The AIIB said 67% of investors were central banks or other official sector institutions, followed by 25% banks, 5% fund managers, 2%

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