CABEI receives recognition for "Best Niche Currency Transaction by a Latin American Issuer"


CABEI reaches a new milestone by receiving an award at GlobalCapital's "Latin America Bond Awards 2024" for the best transaction in a niche currency for its incursion into the Japanese capital market with the world's first sports-themed bond.

Tegucigalpa, April 17, 2024.- The Central American Bank for Economic Integration (CABEI) has been recognized by GlobalCapital, this time with the award for "Best Niche Currency Transaction by a Latin American Issuer" for 2023. The award ceremony took place on April 16 in New York City, within the framework of the first edition of GlobalCapital's "Latin America Bond Awards 2024", and by virtue of CABEI's issuance of the world's first Sports Bond, placed in the Japanese capital market.

CABEI Executive President Gisela Sánchez expressed her satisfaction, stating that "We are very pleased to receive this prestigious recognition of our ongoing commitment to financial innovation and sustainable development, particularly through the issuance of Environmental, Social, and Governance (ESG) bonds, which are a comprehensive part of our financing strategy in the region".

According to the agency specialized in capital markets, GlobalCapital, CABEI is recognized for the execution of the first sports bond in the world in the Japanese capital market, which was denominated in Australian dollars (AUD100 million) and had a term of fifteen (15) years.

The resources raised through this social bond issuance, carried out under CABEI's recognized Social Bonds Framework, were used to finance the education of athletes and the construction of sports facilities, benefiting 422 educational centers to develop sports talent in children and young people, with an estimated 130,701 student beneficiaries; in addition, it is expected to promote people's health and stimulate the economy through sports. The above through the "Infrastructure Construction and Rescue of National Sports Venues Program (PRODEPORTE)" in the Republic of El Salvador, which exemplifies the high development impact generated by CABEI.

This recognition reaffirms CABEI's solid franchise value and experience as a global issuer with bond placements in 23 and 25 different markets and currencies, respectively. Its presence in the global capital markets, as well as its continued consolidation as a Sovereign, Supranational, and Agency (SSA) issuer, is evidenced by the more than US$4.5 billion raised through ESG bond issuance.