Obbligazione Asia Infrastructure Bank 0.12% ( XS2374595556 ) in AUD

Asia Infrastructure Bank

100 AUD ⇌

Cina

XS2374595556 ( in AUD )

0.12% per anno ( pagato 1 volta l'anno)

11/08/2023 - Obbligazione è scaduto

Prospetto opuscolo dell'obbligazione Asian Infrastructure Investment Bank (AIIB) XS2374595556 in AUD 0.12%, scaduta

200 000 AUD

150 000 000 AUD

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 AUD, with the ISIN code XS2374595556, pays a coupon of 0.12% per year.
The coupons are paid 1 time per year and the Obbligazione maturity is 11/08/2023

UK MIFIR product governance / Professional investors and eligible counterparties only 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 only 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 UK European Union (Withdrawal) Act 2018 ("UK MiFIR");
and (ii) all channels for distribution of the Notes to eligible counterparties and professional clients 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. 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.
Pricing Supplement dated 6 August 2021
ASIAN INFRASTRUCTURE INVESTMENT BANK
(the "Issuer", "AIIB" or the "Bank")
Legal Entity Identifier: 25490065OSV2524LCR32
Issue of AUD 150,000,000 Fixed Rate Notes due 11 August 2023
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:
00048

(ii)
Tranche Number:
1

(iii)
Date on which the Notes will be Not Applicable
consolidated and form a single Series:
2.
Specified Currency or Currencies:
Australian dollar ("AUD")
3.
Aggregate Nominal Amount:
AUD 150,000,000

(i)
Series:
AUD 150,000,000

(ii)
Tranche:
AUD 150,000,000
4.
(i)
Issue Price:
100.00 per cent. of the Aggregate Nominal Amount

(ii)
Net Proceeds
AUD 150,000,000
5.
(i)
Specified Denomination(s):
AUD 200,000

(ii)
Calculation Amount:
AUD 200,000
1

EU-DOCS\34022531.5

6.
(i)
Issue Date:
11 August 2021

(ii)
Interest Commencement Date:
Issue Date
7.
Maturity Date:
11 August 2023
8.
Interest Basis:
0.12 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:
0.12 per cent. per annum payable semi-annually on
each Interest Payment Date in arrear

(ii)
Interest Payment Date(s):
11 August and 11 February each year, commencing
on 11 February 2022

(iii)
Fixed Coupon Amount(s):
AUD 120 per Calculation Amount

(iv)
Broken Amount(s):
Not Applicable

(v)
Day Count Fraction:
Actual/Actual (ICMA)

(As referred to under Condition 2(a))

(vi)
Other terms relating to the method of Not Applicable
calculating interest for Fixed Rate Notes:
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
AUD 200,000 per Calculation Amount
2

EU-DOCS\34022531.5

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:
Temporary Global Note exchangeable for a
Permanent Global Note which is exchangeable for
Definitive Notes in the limited circumstances
specified in the Permanent Global Note (Bearer
Notes)
Exchange Date in respect of Temporary Global
Note: 20 September 2021
21.
New Global Note:
No
22.
Classic Global Note:
Yes
23.
New Safekeeping Structure:
No
24.
Additional Financial Centre(s) or other special London, New York City and Sydney
provisions relating to payment dates:
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:
Not Applicable
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 August 2021
32.
Lead Manager:
Not Applicable
33.
Stabilisation Manager(s) (if any):
Not Applicable
34.
If non-syndicated, name of relevant Dealer:
RBC Europe Limited
3

EU-DOCS\34022531.5

35.
U.S. Selling Restrictions:
Reg. S; TEFRA C
36.
Prohibition of Sales to Belgian Consumers:
Not Applicable
37.
Additional Selling Restrictions:
Not Applicable
38.
Total commission and concession:
Not Applicable
39.
TEFRA:
TEFRA C
40.
Relevant Benchmark:
Not Applicable

4

EU-DOCS\34022531.5

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 to be issued 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:
XS2374595556

(ii)
Common Code:
237459555

(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
Citibank, N.A., London Branch
4.
GENERAL INFORMATION

(i)
Change of address:
Effective 1 June 2020, the principal office of the
Issuer is located at the following address:
6

EU-DOCS\34022531.5

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, the CRF is
open for the approval of qualifying projects until 16 October 2021, unless otherwise decided by AIIB's Board of
Directors.
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
7

EU-DOCS\34022531.5

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 three months ended 31 March 2021, the fair value of the Bank's investments
in 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.

8

EU-DOCS\34022531.5