CABEI issues bond totaling 1.74 billion Mexican pesos to strengthen investment in the region

Tegucigalpa, September 29, 2015. – On September 25, the Central American Bank for Economic Integration (CABEI) issued its second bond in the Mexican capital market so far this year: its fifteenth debt issue in that market under its Medium-Term Note Program (MTN Program).

CABEI raised 1.74 billion Mexican pesos (MXN), equivalent to US$102.7 million, by placing bonds maturing in January 2020 at a variable coupon rate of 3 basis points below the Interbank Equilibrium Interest Rate TIIE-28. The transaction received the following local ratings: Aaa.mx and mxAAA from Moody's and Standard & Poor's respectively.

"Since it placed its first bond in 2007, CABEI has continued to consolidate itself as recurrent issuer in the Mexican capital market through operations like this one," stated CABEI Executive President Dr. Nick Rischbieth.

This bond represents the fifteenth CABEI incursion into the Mexican market. To date, it has placed just over MXN 18.2 billion in bonds, with maturities ranging from 2 to 12 years and with structures that include fixed and variable rates linked to several benchmarks, such as Mexican Investment Units, Treasury Certificates and the Interbank Equilibrium Interest Rate.

This new bond reinforces CABEI’s role as an issuer with robust credit and financial soundness while channeling funds from the Mexican market to generate increased investment and better financing conditions in order to foster the region’s development.

CABEI is the leading provider of financial solutions for the region’s development. In 2015, it continued to channel resources to the region with its loan portfolio reaching US$5.83 billion through June, reflecting the Bank’s commitment to the development and integration of its member countries.