CABEI closes its fourth Australian Dollar transaction for the year
The Bank confirms its continuous access to the International Capital Markets, demonstrating its strong credit profile and franchise value.
Tegucigalpa, September 14th, 2022.- The Central American Bank for Economic Integration (CABEI) taps the Australian Dollar (AUD) market yet again through a 7-year private placement for AUD60 million with a 5.00% fixed rate annual coupon. The private placement was executed with a Taiwanese Investor demonstrating CABEI’s strong franchise value and versatility in such market.
Considering the above transaction and despite challenging market conditions, CABEI has been able to execute four Australian Dollar denominated bond issuances so far this year for an aggregate amount of AUD292 million. For more than 20 years CABEI has had an uninterrupted presence in the international capital markets, which has placed it in a privileged global position that has enabled the institution to issue in 24 different currencies and 23 different markets.
The Bank’s financial strength and recognition as a global issuer is also reflected by its rating track record of 18 upgrades over the past 20 years positioning it as the best rated entity in Latin America at “AA”.
CABEI’s executive president, Dr. Dante Mossi, emphasized that “these funds come at a favorable time in order to continue financing programs and projects that will bring a positive impact to the Central American population, and will also help the region cope with global economic turbulence”.