CABEI achieves historic level of fundraising in 2024

27/01/2025

Tegucigalpa, January 27, 2025.- In 2024, the Central American Bank for Economic Integration (CABEI) reached a historic milestone by raising more than US$2.9 billion. This achievement, part of its renewed Financial Strategy, reflects the Bank's soundness and the markets' recognition of its prudent and conservative management, based on technical rigor, cost optimization, and operational efficiency.

The result reaffirms CABEI's commitment to the development of its member countries and its position as the best risk in Latin America, backed by an “AA” rating. This performance consolidates CABEI as a leading issuer in global capital markets. In addition, it was recognized as Development Finance Institution of the Year by Global Banking & Markets Latin America, and received the award for Best Niche Currency Transaction by a Latin American Issuer by Global Capital, thanks to the world's first sports bond.

In the capital markets, CABEI raised US$2.592 billion through ten issues in different formats, currencies and markets. The most noteworthy was its global benchmark issue of US$1.35 billion, the largest in its history, with a record order book of over US$5.2 billion. It also achieved record figures in the markets of member countries such as Mexico and Costa Rica, with placements of MXN13 billion and CRC88.3 billion, respectively.

Among other milestones, the Bank issued its bond with the longest term in its history, 30 years, confirming investor confidence in its financial stability and long-term vision. It also diversified its participation in markets and currencies with its first issue in Indonesian rupees, reaching a total of issues in 26 currencies. Under its new Sustainable Bond Framework, it made its inaugural issue for 1.2 billionTurkish lira, consolidating its leadership in ESG (environmental, social and governance) markets. Finally, it is important to highlight the world's first “Maternal Health Bond” issued to provide food security for mothers and pregnant women in economic difficulties, for an amount of 210 million Australian dollars.

CABEI's Executive President, Gisela Sánchez, said: “2024 has been a historic year for CABEI. We have demonstrated our ability to innovate, adapt and lead in the changing financial landscape. These historic milestones reflect the confidence of global investors and the success of our renewed Financial Strategy.”

Finally, added: “The execution of these historic fundraisings strengthens the financial conditions we offer to our member countries and contributes to the fulfillment of the sustainable development goals, the central axis of our Institutional Strategy 2025-2029.”

Continuing with the efforts of 2024 and under the same strategic approach, the 2025 fundraising plan began in January with the issuance of the benchmark Global Sustainable Bond for US$1.5 billion, the largest in its history. This milestone reflects CABEI's year-on-year consolidation in the capital and financial markets.

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