AIIB launches Euro Commercial Paper program
The Asian Infrastructure Investment Bank, a multilateral development bank, will launch its inaugural $5-billion multicurrency Euro Commercial Paper program in February.
The program will expand AIIB's short-term funding options and demonstrate its agility in meeting investors' demand for sustainable investment through high-quality debt capital market issuance programs.
"We are excited to give our global investment community partners access to another high-quality, short-term debt instrument that will also help AIIB build on its strong development agenda," AIIB Treasurer Domenico Nardelli said. "The program will address investors' demand and help AIIB optimize its liquidity management."
The addition of the AIIB ECP program will bring a new funding channel to support AIIB in financing green infrastructure projects and help its members achieve their commitments under the Paris Agreement and targets under the UN Sustainable Development Goals.
