With "Grito BIVA BCIE" the first Social COVID-19 Recovery and Reactivation Bond is celebrated in the Mexican market


The transaction is the largest social issue in Mexico and the lowest cost in the last 15 years.


Tegucigalpa, June 28, 2021.- The Central American Bank for Economic Integration (CABEI) and the Institutional Stock Exchange (VIVA) today made the "BIVA Shout" for the successful placement of CABEI's COVID-19 Social Recovery and Reactivation Bond in the Mexican market and worldwide, which reached multiple milestones by becoming the largest social bond issue in Mexico and at the lowest cost in the last decade in that market.

CABEI Executive President, Dr. Dante Mossi stated that: "With the funds raised in this Social Issue, CABEI will have additional tools to finance social projects directly derived from the COVID-19 Emergency Support and Preparedness Program and its Economic Reactivation, which was approved in 2020 to counteract the effects and impacts of the pandemic in Central America".

During the virtual event "Grito BIVA BCIE" Dr. Mossi highlighted "Today we are commemorating another action in favor of development; I do not want to end without thanking the BIVA family for the welcome they have given us and for their support in the communication of this historic issue".

"At BIVA we are very pleased with the issuance of this COVID Social Bond for Recovery and Reactivation. Today more than ever, governments and the private sector must work together to support people and businesses that have been affected by the pandemic and encourage economic recovery. The over demand for this Bond is a clear example that the private sector and investors are aware of the need and usefulness of these instruments to help the reactivation of Mexico and the Central American region," said Maria Ariza, General Director of BIVA.

The Bank is committed to the region with sustainable debt issuance for the sole purpose of continuing to serve the development of Central America. Mexico is one of CABEI's main bond issuance markets, to date it has issued 23 bonds in that market for more than US$2.5 billion and represents about 20% of CABEI's historical issuance. Mexico has been a member of the Bank since 1992 and as an extraregional member continues to play a key role in the economic growth and socioeconomic development of Central America, as a solid partner in times of crisis caused by the pandemic. Because of its importance to the Bank and the region, CABEI plans to continue visiting this market in the coming years.