CABEI makes its Ninth Bond issue in Japan raising US$100 million and US$1,135 million in 2018 to finance development projects

The Central American Bank of economic Integration (CABEI), made a new bond issue in US dollars (US$), in the Japanese capital market. With this operation CABEI successfully completed its funding plan for the year 2018, raising an equivalent amount of US$1,135 Million, financing activities that support the social and economic development of its member countries.

The notes were issued for an amount of US$100 million, with a semi-annual coupon of 3.842% and a term of five years, these notes were acquired by insurance industry investors in Japan. This is the third issue that CABEI makes in the Japanese Capital Market in the year 2018 and historically the ninth issue in Japan.

Executive President, Dr. Nick Rischbieth, pointed out that “The issuance and the outstanding performance of Bank in the international financial markets during year 2018, is the direct result of extensive efforts made throughout many years of diversifying and expanding our investors base, including Japanese market, were CABEI has a broad and solid presence”.

In year 2018, CABEI raised an amount of US$1,135 in the capital markets of Switzerland, Japan, Taiwan, Mexico, Colombia and Costa Rica, in local and international currencies, including new structures used such as, Zero coupon bond in the Mexican market or the first issue of the bank in New Zealand Dollars (NZD).

The work carried out by CABEI in the capital markets, has been of great benefit to its member countries, not only in obtaining financial resources under increasingly favorable conditions, but also for its contributions to the financial markets of its member countries with the placement of debt instruments in local currencies or dollars,which provide a high credit quality diversification option and favor the strengthening of these aforementioned markets.

Original source: BCIE
Published on 22 November 2018