CABEI expands its Certificate of Deposit Program to strengthen its global short-term investor base
Tegucigalpa, November 10th, 2022. The Central American Bank for Economic Integration (CABEI) expanded its Certificate of Deposit Program from US$2 billion to US$3 billion. This is part of the organic growth of its balance sheet, which provides additional space to expand its short-term funding services to Central Banks, especially in Latin America, and other financial institutions worldwide.
CABEI Executive President, Dr. Dante Mossi, stated that "The Certificate of Deposit Program is CABEI's main source of short-term funding, and we currently have the participation of practically all the Central Banks in the region. Therefore, this expansion will enable the incorporation of new global investors seeking to diversify their portfolios in a new asset category through the best Latin American credit (AA).”
Based on the above, it is important to note that international reserve managers need to meet their objectives of capital preservation, liquidity and yield; therefore, they require a high credit quality recipient such as CABEI to meet this demand.
Thus, CABEI has a broad investor base under its Certificate of Deposit Program, mainly comprised of Central Banks, Supranationals, Multilaterals, International Financial Organizations and Institutions from around the world; a privilege acquired by a remarkable track record of 18 credit rating upgrades over the last 20 years.