LONDON -- The China-led Asian Infrastructure Investment Bank is looking to cement its presence in the global capital market after pricing its first foreign currency-denominated bonds on Thursday.
The development bank's $2.5 billion worth of five-year dollar bonds will have a coupon rate of 2.25% per annum. The bonds, which closed on Thursday afternoon London time, attracted over $4.4 billion in orders from 27 countries -- nearly twice the estimated figures.
