Obbligazione Asia Infrastructure Bank 2.5% ( XS2318315921 ) in CNY

Asia Infrastructure Bank

99.98 CNY ▲

Cina

XS2318315921 ( in CNY )

2.5% per anno ( pagato 1 volta l'anno)

23/03/2025 - Obbligazione è scaduto

Prospetto opuscolo dell'obbligazione Asian Infrastructure Investment Bank (AIIB) XS2318315921 in CNY 2.5%, scaduta

La Asian Infrastructure Investment Bank (AIIB) è una banca multilaterale di sviluppo con sede a Pechino, focalizzata sul finanziamento di progetti infrastrutturali in Asia.

The Obbligazione issued by Asia Infrastructure Bank ( China ) , in CNY, with the ISIN code XS2318315921, pays a coupon of 2.5% per year.
The coupons are paid 1 time per year and the Obbligazione maturity is 23/03/2025

UK MIFIR product governance / Retail investors, professional investors and ECPs target market Solely for
the purposes of the manufacturer's product approval process, the target market assessment in respect of the Notes has
led to the conclusion that: (i) the target market for the Notes is retail clients, as defined in point (8) of Article 2 of
Regulation (EU) No 2017/565 as it forms part of domestic law by virtue of the UK European Union (Withdrawal) Act
2018 ("EUWA"), and eligible counterparties, as defined in the FCA Handbook Conduct of Business Sourcebook
("COBS"), and professional clients, as defined in Regulation (EU) No 600/2014 as it forms part of domestic law by
virtue of the EUWA ("UK MiFIR"); and (ii) all channels for distribution of the Notes are appropriate. Any person
subsequently offering, selling or recommending the Notes (a "distributor") should take into consideration the
manufacturer's target market assessment; however, a distributor subject to the FCA Handbook Product Intervention
and Product Governance Sourcebook (the "UK MiFIR Product Governance Rules") is responsible for undertaking
its own target market assessment in respect of the Notes (by either adopting or refining the manufacturer's target
market assessment) and determining appropriate distribution channels, subject to the distributor's suitability and
appropriateness obligations under COBS, as applicable. For the purposes of this provision, the term "manufacturer"
means the Dealer (as defined below).
AIIB (as defined below) does not fall under the scope of application of UK MiFIR. AIIB does not qualify as an
"investment firm", "manufacturer" or "distributor" for the purposes of UK MiFIR.
Section 309B(1)(c) Notification -- The Notes shall be prescribed capital markets products (as defined in the
Securities and Futures (Capital Markets Products) Regulations 2018) and Excluded Investment Products (as defined
in MAS Notice SFA 04-N12: Notice on the Sale of Investment Products and MAS Notice FAA-N16: Notice on
Recommendations on Investment Products).
Pricing Supplement dated 6 January 2022
ASIAN INFRASTRUCTURE INVESTMENT BANK
(the "Issuer", "AIIB" or the "Bank")
Legal Entity Identifier: 25490065OSV2524LCR32
Issue of CNY 100,000,000 2.50 per cent. Notes due 24 March 2025 (the "Notes")
(to be consolidated and form a single series with the existing CNY 350,000,000 2.50 per cent. Notes due 24
March 2025 issued on 24 March 2021)
Global Medium Term Note Programme
PART A CONTRACTUAL TERMS
This document constitutes the final terms of the Notes described herein (the "Pricing Supplement"). Terms used
herein shall be deemed to be defined as such for the purposes of the terms and conditions of the Notes (the
"Conditions") set forth in the base prospectus dated 18 December 2019 (the "Base Prospectus"). This document must
be read in conjunction with the Base Prospectus. Full information on the Issuer and the offer of the Notes is only
available on the basis of the combination of this Pricing Supplement and the Base Prospectus. Copies of the Base
Prospectus and the Pricing Supplement may be obtained by Noteholders from the Specified Office of the Paying
Agent.
1.
(i)
Series Number:
00038

(ii)
Tranche Number:
2

(iii)
Date on which the Notes will be As at the Issue Date, the Notes will be consolidated,
consolidated and form a single Series:
form a single series and be interchangeable for
trading
purposes
with
the
existing
CNY
350,000,000 2.50 per cent, Notes due 24 March
2025 issued on 24 March 2021
2.
Specified Currency or Currencies:
Chinese Renminbi ("CNY")

3.
Aggregate Nominal Amount:

(i)
Series:
CNY 450,000,000

(ii)
Tranche:
CNY 100,000,000
4.
(i)
Issue Price:
99.843 per cent. of the Aggregate Nominal Amount
of this Tranche plus 293 days' accrued interest from,
and including, 24 March 2021 to, but excluding, the
Issue Date

(ii)
Net Proceeds
CNY 101,849,849.32 (which includes 293 days'
accrued interest in the amount of CNY
2,006,849.32)
5.
(i)
Specified Denomination(s):
CNY 10,000

(ii)
Calculation Amount:
CNY 10,000
6.
(i)
Issue Date:
11 January 2022

(ii)
Interest Commencement Date:
24 March 2021
7.
Maturity Date:
24 March 2025
8.
Interest Basis:
2.50 per cent. per annum Fixed Rate
(As referred to under Conditions 5, 6 or 7)
(See paragraph 11 below)
9.
Redemption/Payment Basis:
Redemption at par
(further particulars specified below)
10.
Put/Call Options:
Not Applicable
(As referred to under Condition 9)
PROVISIONS RELATING TO INTEREST (IF ANY) PAYABLE
11.
Fixed Rate Note Provisions
Applicable
(As referred to under Condition 5)

(i)
Rate(s) of Interest:
2.50 per cent. per annum payable on each Interest
Payment Date in arrear

(ii)
Interest Payment Date(s):
24 March in each year, commencing on 24 March
2022, subject to adjustment in accordance with the
Modified Following Business Day Convention

(iii)
Fixed Coupon Amount(s):
The Fixed Coupon Amount shall be calculated by
multiplying the product of the Interest Rate and the
Calculation Amount by the Day Count Fraction and
rounding the resultant figure to the nearest
CNY0.01, with CNY0.005 being rounded upwards.

(iv)
Broken Amount(s):
Not Applicable

(v)
Day Count Fraction:
Actual/365 (Fixed)

(As referred to under Condition 2(a))

(vi)
Other terms relating to the method of For the purposes of calculating the Fixed Coupon
calculating interest for Fixed Rate Notes:
Amount(s), adjustment of the Interest Payment
Date(s) in accordance with the Modified Following
Business Day Convention shall be made considering
that "Business Day" means a day (other than a
Saturday or a Sunday) on which commercial banks
and foreign exchange markets settle payments
generally in each of the Additional Financial Centres
set forth in paragraph 24 below.
12.
Floating Rate Note Provisions
Not Applicable
(As referred to under Condition 6)

13.
Zero Coupon Note Provisions
Not Applicable
(As referred to under Condition 7)

14.
Dual Currency Note Provisions
Not Applicable
PROVISIONS RELATING TO REDEMPTION
15.
Call Option
Not Applicable
16.
Put Option
Not Applicable
17.
Final Redemption Amount of each Note
CNY 10,000
18.
Early Redemption Amount
As set out in the Conditions
Early Redemption Amount(s) per Calculation
Amount payable on event of default or other early
redemption and/or the method of calculating the
same (if required or if different from that set out in
the Conditions):
19.
Redemption Amount
Not Applicable
(if different from the Final Redemption Amount, the
Optional Redemption Amount, or the Early
Termination Amount)
GENERAL PROVISIONS APPLICABLE TO THE NOTES
20.
Form of Notes:
Unrestricted Registered Global Note registered in
the name of a nominee for a common depositary for
Euroclear
and
Clearstream,
Luxembourg
(Registered Notes)
21.
New Global Note:
No
22.
Classic Global Note:
No

23.
New Safekeeping Structure:
No
24.
Additional Financial Centre(s) or other special London; Hong Kong, China; Beijing; New York
provisions relating to payment dates:
City
25.
Talons for future Coupons to be attached to No
Definitive Notes (and dates on which such Talons
mature):
26.
Redenomination:
Not Applicable
27.
Spot Rate:
CNHFIX Spot Rate
28.
Other terms:
Not Applicable
DISTRIBUTION
29.
Method of distribution:
Non-syndicated
30.
If syndicated, names of Dealers:
Not Applicable
31.
Date of Terms Agreement:
6 January 2022
32.
Lead Manager:
Not Applicable
33.
Stabilisation Manager(s) (if any):
Not Applicable
34.
If non-syndicated, name of relevant Dealer:
The Toronto-Dominion Bank
35.
U.S. Selling Restrictions:
Reg. S; TEFRA not applicable
36.
Prohibition of Sales to Belgian Consumers:
Not Applicable
37.
Additional Selling Restrictions:
Not Applicable
38.
Total commission and concession:
Not Applicable
39.
TEFRA:
Not Applicable
40.
Relevant Benchmarks:
Not Applicable

Signed on behalf of:
Asian Infrastructure Investment Bank

By: ...........................................................................
Duly authorised
[Signature Page to Pricing Supplement]

PART B OTHER INFORMATION
1.
LISTING AND ADMISSION TO TRADING

(i)
Listing:
The Luxembourg Stock Exchange

(ii)
Admission to trading:
Application will be made by the Issuer (or on its
behalf) for the Notes to be admitted to trading on the
regulated market of the Luxembourg Stock
Exchange
2.
RATINGS OF THE NOTES:

Ratings of the Notes:
The Notes are expected to be rated:
Moody's Investors Service Singapore Pte. Ltd.: Aaa
Standard & Poor's Financial Services LLC: AAA
3.
OPERATIONAL INFORMATION

(i)
ISIN:
XS2318315921

(ii)
Common Code:
231831592

(iii)
CUSIP:
Not Applicable

(iv)
CFI:
See the website of the Association of National
Numbering Agencies (ANNA) or alternatively
sourced from the responsible National Numbering
Agency that assigned the ISIN

(v)
FISN:
See the website of the Association of National
Numbering Agencies (ANNA) or alternatively
sourced from the responsible National Numbering
Agency that assigned the ISIN

(vi)
New Global Note intended to be held in a Not Applicable
manner which would allow Eurosystem
eligibility:

(vii)
Any clearing system(s) other than DTC, Not Applicable
Euroclear Bank SA/NV and Clearstream
Banking S.A. and the relevant identification
number(s):

(viii)
Delivery:
Delivery against payment

(ix)
Names and addresses of additional Paying Not Applicable
Agent(s) (if any):

(x)
Name of Calculation Agent
The Toronto-Dominion Bank
4.
GENERAL INFORMATION

(i)
Change of address:
Effective 1 June 2020, the principal office of the
Issuer is located at the following address:

Asian Infrastructure Investment Bank
AIIB Headquarters, Tower A,
Asia Financial Center, No. 1 Tianchen East Road,
Chaoyang District, Beijing 100101
People's Republic of China

(ii)
Recent
Development:
COVID-19 As set out below.
pandemic:
Recent Development: COVID-19 Pandemic

AIIB Response to the COVID-19 Pandemic
The COVID-19 pandemic has had and continues to have an adverse impact on the global economy and on the
individual economies of AIIB members. AIIB members continue their efforts to contain the COVID-19 pandemic and
to mitigate the risks of long-lasting, structural harm to their economies. Developing economies, especially those with
weak health care infrastructure, vulnerable macroeconomic or financial sector fundamentals or a high dependence on
tourism, commodities exports or remittances, required support from the international financial community to respond
to and contain the COVID-19 pandemic.
As part of a coordinated international response to counter the COVID-19 pandemic, AIIB has worked closely with
other international financial institutions to create a network of support options, especially for the most vulnerable
economies. Based on feedback from public and private sector partners, the Bank's immediate assistance was and
continues to be required in three key areas: (i) immediate health care sector needs (including support for emergency
public health responses and for the long-term sustainable development of the health care sector), (ii) economic
resilience, mainly where clients require financing to supplement government measures supporting the social and
economic response and recovery efforts (including infrastructure investments and investments in social and economic
protection measures to prevent long-term damage to the productive capacity of the economy and to protect and restore
productive capital), and (iii) investments in infrastructure and other productive sectors, mainly where clients might
otherwise need to curtail long-term investments due to liquidity constraints.
The Bank has adopted a variety of measures to respond to the COVID-19 pandemic. In early April 2020, the Bank
launched a U.S.$5 billion COVID-19 Crisis Recovery Facility (the "CRF"), which the Bank subsequently increased
to U.S.$5-10 billion, and then to U.S.$13 billion due to high demand. The CRF, which is designed to adapt to
emerging client needs, offers sovereign-backed and non-sovereign-backed financings for qualifying clients and
projects within AIIB's members. As a temporary facility put in place to address the COVID-19 pandemic in AIIB's
members, the CRF is currently open for the approval of qualifying projects until 16 April 2022.
Impact of the COVID-19 Pandemic on the Bank's Activities and Results of Operations
The Bank currently remains fully operational and continues to conduct its activities in the normal course of business.
As a precautionary measure, the Bank has put in place procedures to prevent any potential disruptions to its governance
and project approval schedule. The Bank has adopted prudent measures to ensure the health and safety of its
employees, including imposing travel restrictions and remote working arrangements when appropriate and
rescheduling public events or holding them in virtual format until a normalised situation resumes, and it continues to
monitor the situation closely.
While the severity and duration of the COVID-19 pandemic is difficult to predict, it has had and likely will continue
to have a material adverse effect on the Bank's results of operations.
The Bank's financial performance is highly dependent on its ability to generate income from its liquidity and loan
investment portfolios. As a result of lower interest rates, due in part to governments and central banks around the
world responding to the decline in global economic demand caused by the COVID-19 pandemic, the Bank has
experienced downward pressure on income earned from both its liquidity and loan investment portfolios and expects
to continue experiencing such downward pressure in the coming quarters.

Due to the COVID-19 pandemic, in the nine months ended 30 September 2021, the fair value of the Bank's
investments in money market funds and portfolios of high credit quality securities managed by external asset managers
experienced volatility, and such volatility is expected to continue in the coming quarters. Furthermore, the COVID-
19 pandemic has had and is expected to continue to have an adverse effect on the credit position of the Bank's loan
portfolio, which is highly dependent on credit conditions in the member jurisdictions where the Bank's largest
sovereign-backed and non-sovereign-backed borrowers are located.
In addition, while the Bank has experienced and may continue to experience demand for CRF financings, which are
generally disbursing more rapidly than disbursements for AIIB's other financings, certain of the Bank's existing
investment projects may be delayed or curtailed as clients evaluate the impact of the COVID-19 pandemic or may be
implemented at a pace that is slower than expected. In addition, the Bank may experience a temporary decline in
demand for non-sovereign-backed financings, and consequently a weaker investment pipeline, should project sponsors
and beneficiaries postpone infrastructure investments. A slowdown in project implementation or a protracted decline
in demand for investment financings may lead to lower disbursement rates, which may negatively affect AIIB's ability
to generate income on investment financings.