CABEI returns to the Japan market with its seventh bond issuance

The Central American Bank for Economic Integration (CABEI), offered today its seventh bond issuance in the Japanese market, denominated in Japan Yen (JPY). 

The Notes were sold at par with a notional amount of JPY5,600 million (equivalent to USD 51.2 million), semi-annual coupon of 0.426% and five (5) years tenor. The notes were sold to local banks and insurance companies. The offer was priced as a private placement under the issuer´s EMTN Program.

Executive President of CABEI Dr. Nick Rischbieth indicated that:

“This transaction reflects the support and confidence in CABEI´s name from the investor´s base in Japan, where CABEI recently received an award as Best Green Issuer in Latin America for their debut green bond offering in Uridashi format; and which also contributes to our geographic and currency diversification strategy, allowing us to fund the bank with the most cost-effective alternatives for our member countries”. 

Since 2006 to date, the Central American Bank for Economic Integration (CABEI) has raised US$520.6 million through seven (7) bond placements in Japan, denominated in Japanese Yens (JPY), Turkish Liras (TRY), Australian Dollars (AUD) and South African Rand (ZAR); equivalent to 20.3% of its bonds placements in Asia.

CABEI reaffirms its role as the most important source of multilateral financing for its member countries and continues to expand its presence in the international capital markets, in order to achieve a competitive funding for the development of the Central American region.

Original source: CABEI
Published on 5 February 2018