Clifford Chance advises the Asian Infrastructure Investment Bank on a tap of its first Digitally Native Note issuance on Euroclear’s D-FMI platform

Global law firm Clifford Chance has advised the Asian Infrastructure Investment Bank on a tap of its first digitally native note issuance. The transaction was arranged and placed by Citi and BMO Capital Markets under AIIB’s global medium term note programme and via Euroclear’s Digital Securities Issuance service, which enables the issuance, distribution, and settlement of digitally native notes on distributed ledger technology.

The issuance of the US $200,000,000 4.000 per cent. digitally native notes due 15 January 2027 will be consolidated and form a single series with the existing US $300,000,000 4.000 per cent. digitally native notes due 15 January 2027. The original issuance marked Euroclear’s first US dollar digital note issuance and was the first time an Asia-based issuer had issued on Euroclear’s Digital Financial Market Infrastructure.

The Clifford Chance cross-border team advising on the transaction was led by partner Matt Fairclough in London and counsel Alexander Tollast in Paris, with support from associate Caroline Smyth, based in London.