Mexico has been a non-regional CABEI member since 1992 with an authorized stake of USD306.25 million in the Bank's share capital and capital contributions of USD76.56 million, ranking as the third largest shareholder within the group of non-regional members with 5.03%.
The contribution that Mexico channels to the Central American region through CABEI is based on various financial cooperation instruments with Banco Nacional de Comercio Exterior S.N.C. (Bancomext) for a total amount of USD520.8 million. The relationship between the Bank and this country was solidified in 2008 with the launching of the Central American Social Housing Development Program. It falls under the framework of the Mesoamerican Integration and Development Project (formerly Plan Puebla Panamá). Since that date, the Mexican government has made resources available to develop a sustainable market for long-term housing finance in the Central American region that addresses the housing deficit and future needs in this area. Throughout the Program's existence, 59 disbursements have been made through 14 intermediary institutions. In total, 192.7% of the initial financing available has been channeled, benefiting a total of 8,032 low- income households, which can now enjoy a more dignified home.
CABEI issues bond in Japanese Samurai market
After nine years of absence on the Japanese market, CABEI placed a 10 billion yen bond at approximately US $ 82 million.
Tegucigalpa, November 27, 2015.- The Central American Bank for Economic Integration (CABEI) announced the placement of a 10 billion yen (approximately US$82 million) bond, under its medium term notes (MTN) program in the Samurai Market in Japan after an absence of nine years.
The Samurai market is the deepest and largest debt capital markets in Japan, where several formats are possible (PROBOND, URIDASHI and SAMURAI) and the most demanding in terms of requirements and compliance issues.
The return of CABEI to the Samurai market after nine years was well received by the investor community who not only purchased a 5 year tranche at a spread below the one paid in 2006, but also acquired a 10 year tranche not common for a non-recurrent issuer in this market, a testimony of Japanese investor´s strong credit perception of CABEI.
This issuance becomes the first time a Latin American issuer taps the Samurai market since July 2014, allowing Japanese investors diversify their portfolios by gaining exposure to emerging/LATAM credit.
CABEI´s Executive President, Dr. Nick Rischbieth, stated: "This transaction has several things to highlight such as the diversification that 21 new investors mean for CABEI or the fact that a ten year tranche is reserved only for frequent issuers in this market. In addition, the return of CABEI to this important market marks the first of hopefully several more trades in the future, provided favorable market conditions prevail”.
CABEI´s ratings are A1 Stable / A Stable / A Stable / AA- (Moody’s / S&P/ Fitch / JCR).
This announcement does not constitute an offer of securities for sale in the United States or in any other jurisdiction in which such an offer would be unlawful. The securities offered will not be and not been registered under the Securities Act of 1933, as amended, and may not be offered or sold in the United States or outside the United States to, or for the account or benefit of, any U.S. Person, as defined in Regulation S under the Securities Act, absent registration or an applicable exemption from registration requirements.
