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 returns to the Hong Kong market with bond issue of HKD400 million
CABEI continues to increase its presence in Asia by diversifying its funding sources in this important region.
Tegucigalpa, January 26, 2017. - The Central American Bank for Economic Integration (CABEI) issued its third bond in the Hong Kong capital market, reaffirming the confidence of the Institution’s investors in Asia.
The issue carries a coupon of 3.27% in Hong Kong dollars (HKD) for an amount of 400 million (equivalent to US$51 million) with a 7-year term.
This is CABEI’s third venture in the Hong Kong market, subsequent to its 2013 bond placement in Offshore Chinese Renminbi (CNH) and to its first venture in this market in 2006; the latter in Hong Kong dollars (HKD). Through its venture in 2006, CABEI became the first issuer in Latin America to place bonds in such market.
Relevance and soundness
CABEI Executive President Dr. Nick Rischbieth stated that, “CABEI continues to expand its presence in international markets in order to attract competitive resources for the development of Central America.”
Dr. Rischbieth also highlighted that, “During last year, the Bank's improved credit rating and solid financial performance enabled it to execute 13 transactions in international capital markets.”
CABEI placements throughout the last 10 years total approximately US$7.10 billion, which translate into investment for regional sustainable development, productivity and economic integration projects. CABEI promotes the region’s development and is the most important source of multilateral financing for its member countries.
