Commitment to the well-being of the region.
The Republic of China (Taiwan) joined CABEI in 1992 and is one of the Bank's first non-regional members; its incorporation enabled the Bank to issue and place its first bonds on the international market. At the close of 2021, it is the non-regional member with the highest shareholding (11.4%) with a subscribed capital of USD776.3 million and contributions amounting to USD133.6 million.
In the coordination of development projects, the Republic of China (Taiwan) cooperation for the region focuses on key areas for poverty reduction, such as food security, education, agriculture, Micro, small and medium-sized enterprises, agribusiness, coffee producing sector affected by rust, export promotion and forestry and industrial development.
As a relevant fact, in 2020, thanks to the alliance with its non-regional partner country, CABEI made it's 19th issue in the Taiwan capital market, historically totaling US$ 2.3 billion.
In 2021, CABEI opened its representative office in the Republic of China (Taiwan) located at the Taipei 101 building.
CABEI issues largest bond for 2022 in the Formosa Market
The Bank places its 24th bond issuance in Republic of China (Taiwan) since 1997.
Tegucigalpa, November 17th, 2022: The Central American Bank for Economic Integration (CABEI) has issued a 10-year bond in the Formosa market for an amount of US$250 million at a fixed rate of 5.229%. This bond placement is an indication of the Bank’s growing franchise value and ample market access amidst global stress and volatility.
Back in August of this year, CABEI’s delegation headed by President Mossi visited Republic of China (Taiwan) to commemorate this country’s 30 year membership as a non-regional member of the bank. During such visit, Dr. Mossi emphasized the importance of Taiwan to the economic development of Central America, and highlighted the support provided by its capital market.
Consequently, and in light of this new bond issuance Dr. Mossi stated “We appreciate the confidence vested on CABEI by Taiwanese investors that have historically purchased bonds for more than US$3 billion to support the bank’s mandate and efforts to consolidate its presence as a recurring issuer in Asia”.
CABEI has had uninterrupted access to the Taiwanese Market, even during times of financial turmoil, since its first ever bond issue back in 1997, with a total of 24 issuances that represent 20% of the bank’s historic bond placements. The proceeds from the Formosa Market bond issue were obtained at competitive levels allowing CABEI to continue financing strategic projects aimed at promoting sustainable growth and integration of the Central American region.
