CABEI issues notes in Uruguay for 1,758.8 million uruguayan pesos (UYU), equivalent to US$ 50 million

Tegucigalpa, July 10, 2019 – According to CABEI´s diversification funding strategy of markets and currencies, the Central American Bank for Economic Integration (CABEI) issued its sixth note in the Uruguayan capital market for UYU1,758.8 million. CABEI is well positioned in this market since its first issuance in 2011.

In this opportunity, CABEI issued notes with a notional amount of UYU1,758.8 million Uruguayan pesos, due in 2024, equivalent to US$50 million, which coupons and principal will settle in US$. After this issuance, the agregated amount issued by CABEI in the Uruguay capital market reached US$305.3 million, which reflects the recognition of the Bank as one of the more relevant multilateral development institution in the aforementioned market.

CABEI Executive President Dr. Dante Mossi highlighted that "the performance of the Bank in the capital markets durign 2019, is the result of the efforts made to diversify and expand the investor´s base, including the Uruguayan market, where the institution has a strong presence."

This issue corresponds to the second issue made by CABEI in the South American country so far this year, after its first issuance in February through an inflation linked note with a notional amount of 1,631.5 million Uruguayan pesos, equivalent to US $50 million. Both notes were placed as private placements with semi-annual coupons and are due in 2024.

CABEI´s position as the most relevant development bank for the Central American region is supported by its AA credit rating assinged by Standard & Poor's , A1 assigned by Moody's (positive outlook) and AA assigned by Japan Credit Rating.