Tegucigalpa, Honduras
The Central American Bank for Economic Integration (CABEI), rated Aa3/AA by Moody’s and S&P, successfully completed its recent global issuance of US dollar bonds in the 144A/Reg S format.
This historic issue, worth 1.35 billion dollars, maturing in 2027 and with a 5% coupon, represents the most significant operation carried out by the bank to date; strengthening its position as a recurring issuer in the sovereign, supranational and agency (SSA) capital markets.
This tie-up ratifies investors’ confidence in CABEI’s financial strength, its renewed leadership and its growing franchise value. This monumental transaction was listed on both the London Stock Exchange and the Luxembourg Stock Exchange.
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The Executive President of CABEI, Gisela Sánchez, expressed her satisfaction, stating: “We are extremely satisfied with the reaction that our three-year global commitment has generated, as it confirms our commitment to having a decisive impact on sustainable development, while maintaining a solid financial position.”
Overall bond yield
The bond yield was set after the Bank recorded the largest portfolio of positions in its history, reaching an approximate amount of $5.2 billion, through the participation of more than 150 high-quality investors from around the world . In this sense, the distribution of the allocation was mainly concentrated, among others, on Official Institutions/Sovereign Funds (36%), Central Banks (30%) and Asset Managers (24%).
The President of CABEI underlined the crucial role of member countries, underlining their constant support and preferential treatment in their obligations to the Bank. Likewise, central banks and institutional investors have contributed to strengthening CABEI’s privileged position in the capital markets.
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As the first female president of CABEI, Sánchez highlighted the prudent resource management of this historic issue and the Bank’s commitment to improving operational efficiency, contributing to sustainable development goals and filling remaining gaps in the country’s basic infrastructure. region.
This achievement solidifies CABEI’s commitment to promoting the future of economic integration and sustainable development in Central America, as the institution continues to further consolidate its position in the global market.
2024-01-22 17:21:00
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