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Which International Bank is planning to issue its first US dollar-denominated bond by June 2018?
  • a)
    World Bank
  • b)
    International Monetary Fund
  • c)
    Asian Development Bank
  • d)
    Asian Infrastructure Investment Bank
  • e)
    Multilateral development bank
Correct answer is option 'D'. Can you explain this answer?
Verified Answer
Which International Bank is planning to issue its first US dollar-deno...
Asian Infrastructure Investment Bank (AIIB) is planning to issue its first US dollar-denominated bond by June 2018. Soren Elbech, Treasurer of AIIB has stated that the minimum size of the issuance will be one billion dollars. Maturity of these bond will be between three and five years depending on investor demand. On account of its strong capital base and stable outlook, AIIB has received three top-notch ratings from the global credit rating agencies, S&P Global Ratings, Fitch and Moody’s. China is the largest shareholder in AIIB holding 26.06 per cent voting shares followed by India with 7.5 per share. Energy, power generation, transport and rural infrastructure are AIIB’s priority areas of investment.
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Which International Bank is planning to issue its first US dollar-denominated bond by June 2018?a)World Bankb)International Monetary Fundc)Asian Development Bankd)Asian Infrastructure Investment Banke)Multilateral development bankCorrect answer is option 'D'. Can you explain this answer?
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