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.
For the first time CABEI issues bonds in the Australian market
CABEI makes its debut in the Australian Kangaroo Market through a AUD $75 million (equivalent to USD 56.1 MM) 10 year 4.42% Notes Offering
Tegucigalpa November 17 2016.- The Central American Bank for Economic Integration (“CABEI”) successfully priced its debut 10yr Kangaroo transaction, a deal consisting of a AUD 75mn senior unsecured fixed rate notes offering with a coupon of 4.42% maturing in November of 2026.
The Notes, offered under the issuer’s Domestic Debt Issuance Program in Australia, had originally launched at AUD 50 million but due to a strong demand the order book was upsized to AUD 75 million. The majority of demand came from Japanese accounts, making up over 45% of the book; with a distribution by investor made up by 72.6% banks, 27.3% insurance companies and 0.1% fund managers.
CABEI is the third Latin American issuer in the Australian Kangaroo market, which consists on the placement of AUD denominated bonds by nonresident foreign issuers.
The bank´s Executive President, Nick Rischbieth, commented that “This transaction highlights once more CABEI’s ability to tap into new markets and speaks very well of the banks strong credit qualities in a time of high volatility in emerging markets”
Mr. Rischbieth also highlighted the bank´s funding strategy consisting of a wide geographical diversification, demonstrated through the issuance of debt in 23 markets and 20 currencies throughout its history.
CABEI´s ratings are A1 Stable / A Positive / A Positive (Moody’s / S&P/ Fitch)
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.
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