CABEI issues for the fifth time in the Swiss Capital Market Swiss Francs (CHF) $ 100 million with a four year tenor and coupon of 0.5%

12/11/2014

Tegucigalpa, November 12, 2014.- The Central American Bank for Economic Integration (CABEI) launched a bond issuance in the Swiss Stock Exchange, using a book building mechanism under its Medium-Term Note Program (MTN Program).

CABEI issued a bond with a maturity of 4 years, obtaining 100 million Swiss Francs (CHF), or an equivalent of USD103.7 million, with a coupon of 0.5%, the lowest ever for the bank in this market and the second lowest from a non-domestic Supranational since 2009.

The books were officially open on Monday, November 10 and reached the maximum size of CHF100mm quickly after, driven by strong demand from treasury accounts 37%, asset managers 36%, insurance companies 17%, pension funds 5%, and private banks 5%; with orders from over 31 accounts.

This transaction constitutes the Bank's fifth outing in the Swiss market, after issuing notes on December 2010, January 2013, November 2013 (two tranches) and January 2014. This successful trade bolsters CABEI's good perception among the Swiss investor base.

CABEI´s Executive President, Dr. Nick Rischbieth, stated: "This transaction´s tight price which was within CABEI´s interpolated Swiss curve, reflects the good standing of CABEI´s name in the Swiss market; which is open for high quality names even under less favorable conditions in the global debt markets, as volatility spikes and uncertainty over interest rate levels persist”.

CABEI´s ratings are A1 Stable / A Stable / A Stable (Moody’s / S&P/ Fitch).

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