In July last year, AIIB chose Luxembourg as the location of its popular Annual Meeting, which saw prominent leaders from the international financial industry gather in Luxembourg’s European Convention Centre. Last year’s event marked the first time AIIB’s Annual Meeting was held outside of Asia, and illustrates the bank’s international reach and Luxembourg’s appeal as a financial centre.
“This transaction represents another step in the diversification of AIIB’s funding program for the financing of our investments in sustainable infrastructure. With more than half of our bonds listed on the Luxembourg Stock Exchange this year, we truly value our close partnership with the Exchange in contributing to our endeavour to improve the lives of millions of people in Asia and beyond,” said AIIB President Jin Liqun, who was recently elected to a second term at the helm of the bank.
Following the opening speech from Robert Scharfe, CEO of LuxSE, Luxembourg’s Minister of Finance Pierre Gramegna praised the close relationship between Luxembourg and the AIIB.
“I am pleased that for many of its bonds, the AIIB chooses Luxembourg as its listing place. A core mission of the AIIB, and one underlying this first Sterling bond issuance, is to better connect Asia and the rest of the world and to build sustainable infrastructure. The pandemic has shown that human economic activity has an impact on our planet. We therefore need a sustainable global economic recovery and infrastructure investments will play a key role,” commented Minister Pierre Gramegna.
Closing the gap
LuxSE has a proven history of acting as a gateway for Asian issuers to gain access to the international investor community, thereby supporting the ongoing opening-up of Asian financial markets. Multilateral development banks, such as AIIB, play a key role in the ongoing recovery efforts and in the transition to a more inclusive economy. LuxSE is the reference exchange for major development banks across the world.