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 makes its Ninth Bond issue in Japan raising US$100 Million and US$1,135 Million in 2018 to finance development projects
CABEI´s financing strategy is based in market and currency diversification, this has constantly helped reduce financing cost, favoring its borrowing members. In 2018 CABEI had the lowest average cost of financing in its history as an Issuer in the international financial markets.
Tegucigalpa, November 22, 2018 – The Central American Bank of economic Integration (CABEI), made a new bond issue in US dollars (US$), in the Japanese capital market. With this operation CABEI successfully completed its funding plan for 2018, raising an equivalent amount of US$1,135 Million, financing activities that support the social and economic development of its member countries
The bond was issued for an amount of US$100 million, with a semi-annual coupon of 3.842% and a five years term, this bond wasacquired by insurance industry investors in Japan. This is the third issue that CABEI makes in the Japanese Capital Market in 2018 and 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 2018, is the direct result of extensive efforts made throughout many years of diversifying and expanding our investors base, including Japanese market, where CABEI has a broad and solid presence”.
Financing plan 2018
In 2018, CABEI raised an amount of US$1,135 in the capital markets of Switzerland, Japan, Taiwan, Mexico, Colombia and Costa Rica, in local and international currencies, including new structures used such as a Zero coupon bond in the Mexican market or the first issue of the bank in New Zealand Dollars (NZD).
The work carried out by CABEI in the capital markets, has been of great benefit to its member countries, not only in obtaining financial resources under increasingly favorable conditions, but also for its contributions to the development of financial markets of its member countries with the placement of debt instruments in local currencies or dollars which provide a high credit quality diversification alternative and favor the strengthening of these aforementioned markets.
2018 Bond Issues Summary
| Date | Country | Currency | Equivalent Amount (US$ Millons) | Term (years) |
| 26-Jan | Switzerland | CHF | 214.1 | 7 |
| 2-Feb | Japan | JPY | 51.2 | 5 |
| 27-Apr | Taiwan | CNH | 315.8 | 5 |
| 30-May | Mexico | MXN | 101.0 | 3 |
| Mexico | MXN | 101.0 | 10 | |
| 10-Sep | Japan | USD | 12.3 | 4 |
| Japan | NZD | 19.8 | 4 | |
| 14-Sep | Colombia | COP | 49.9 | 7 |
| 12-Oct | Colombia | COP | 60.7 | 10 |
| 23-Oct | Costa Rica | CRC | 109.4 | 5 |
| 16-Nov | Japan | USD | 100.0 | 5 |
