CABEI issues a private placement in the Norweigian market
This issuance is nearly three times the size of previous NOK issuances by CABEI.
Tegucigalpa November 24, 2021. Throughaprivate placement, The Central American Bank for Economic Integration (CABEI) has issued a bond by 1.4 billion Norweigian Krone (NOK) equivalent to US$ 160.1 million. The notes will bear a fixed interest rate of 2.4% under a 10 year tenor.
This is the third issuance made by CABEI since 2016 in the nowergian market, with an amount nearly three times the size of previous two NOK issuances demonstrating international investor´s increasing appetite for CABEI´s issuances.
CABEI´s Executive President stated: “With this issuance in the european market, the bank sends a clear sign to international investors that Europe plays a key role in the development of the Central American region by funding projects that bring positive impact to its people. The funds come at a favorable time in order to finance the programs that will allow the region to cope with the side effects brought by the pandemic and the natural disasters that occurred on year 2020.
This is the third issuance executed by CABEI in the European market in 2021, the first issuance was in September in Switzerland for US$ 218.2 million and the second issuance a green labeled bond also in the swiss market. These issaunces, are in line with the Bank's financing strategy, which aims to continue diversifying the international markets as well as its investor base.
Furthermore, investors have the opportunity to diversify their portafolios with the best credit rating in all Latin America.