The Asian Infrastructure Investment Bank (AIIB) has invested USD50 million in the USD200 million bond issued by China Education Group Holdings Limited (CEG), China’s largest listed private higher-education provider.
The issuance is the first senior bond offering by a private-sector higher-education company in China based solely on its own creditworthiness. It met with strong investor demand, achieving 4.35x oversubscription. AIIB’s anchor participation helped mobilize international participation from sovereign wealth funds, insurance companies, asset management and funds, bank treasuries and private banks, demonstrating the Bank’s commitment to leveraging private-sector investment for infrastructure development.
The AIIB investment will support the campus expansion of the Guangzhou College of Applied Science and Technology as part of integrated urban development in Zhaoqing New City, Guangdong Province, China. The project will help address growing demand for industry-oriented skills training while contributing to sustainable urban development.
“Developing future-ready human capital is essential for building resilient and competitive economies,” said Najeeb Haider, Director General of AIIB’s Project and Corporate Finance Clients Department (Global). “This investment demonstrates how innovative financing solutions can expand access to quality higher education, support sustainable urban growth and mobilize private capital to address critical development needs.”
Beyond expanding access to higher education, the project is expected to generate broader economic and social benefits by supporting local workforce development and enhancing the attractiveness of Zhaoqing New City as a destination for investment and innovation.
“We are grateful for the trust and robust support extended by AIIB and our financial partners in this issuance,” said Yu Kai and Wang Rui, Co-chairmen of CEG. “Moving forward, we will deeply integrate our growth trajectory with national industrial and talent strategies. By harnessing the transformative power of artificial intelligence and proactively adapting to industry shifts, we will continuously reinvent our academic programs. We remain steadfast in our commitment to delivering market-driven, employment-focused education.”
For AIIB, infrastructure is far more than physical assets. It is the foundation for inclusive, sustainable development, connecting people to physical, digital, commercial, medical, educational and other essential services while delivering environmental, economic and social value.
The transaction builds on AIIB’s existing partnership with CEG, marking the second collaboration since the financing of the Yantai Institute of Science and Technology Project. The project aligns with AIIB’s strategic priorities of technology-enabled infrastructure, private capital mobilization and green infrastructure, while advancing the objectives of the Bank’s Sustainable Cities Strategy.
About AIIB
The Asian Infrastructure Investment Bank is a multilateral development bank dedicated to financing “Infrastructure for Tomorrow,” with sustainability at its core. AIIB began operations in 2016, now has 111 approved members worldwide, is capitalized at USD100 billion, and is AAA-rated by major international credit rating agencies. AIIB collaborates with partners to mobilize capital and invest in infrastructure and other productive sectors that foster sustainable economic development and enhance regional connectivity.
About China Education Group Holdings Limited
China Education Group Holdings Limited (together with its subsidiaries, “the Group”) is a leading provider of vocational education services. It is committed to developing more high-quality skilled professionals and enhancing the core competencies of vocational schools by cultivating a “dual-qualified” teaching workforce, establishing open regional academia-industry practice centers, expanding student development pathways, and innovating international exchange and cooperation mechanisms. The Group's education management system has received ISO-9001 certification. It operates in China, Australia, and Great Britain. Since 2017, the Group has been listed on the Hong Kong Stock Exchange's Main Board (00839.HK).