The Bank of China listed its US$500 million Belt-and-Road-themed bond in the Luxembourg Stock Exchange on Wednesday, earning positive market reaction from investors.

It’s the first bond of its kind to be listed on the LuxSE after Luxembourg signed a memorandum of understanding with China to cooperate on the Belt and Road Initiative in late March, Xinhua News Agency reported.

The US$500 million bond is also part of the fifth batch of the Bank of China’s BRI bond issuance plan. Total bonds issued by Bank of China under the Belt and Road theme have totalled about US$15 billion.

Launched on April 10, the Chinese lender issued the bonds simultaneously among five countries in five currencies, raising the equivalent of US$3.8 billion through its offerings.

The report said the US$500 million BRI bond has received excellent market reaction in Luxembourg. Proceeds of the issuance will be used to support funding needs in Belt and Road regions, mostly in infrastructure improvement projects.