CABEI issues yet another private placement in spite of current market conditions
The MDB continues to efficiently execute its funding program for 2022.
Tegucigalpa, November 03, 2022.- The Central American Bank for Economic Integration (CABEI) has issued yet another private placement in 2022. This particular issuance was placed for an amount of US$50 million and a 3-year tenor, which represents CABEI’s 39th issuance in US$, reaching a historic aggregate amount of US$4.5 billion equivalent to about 30% of the Bank’s historic issuances.
CABEI’s Executive President, Dr. Mossi, stated: “Under the current market conditions, it is comforting to see that investors are mindful of CABEI’s franchise value and financial strength, backed by our undisputed shareholder support and pristine track record as a preferred creditor.”
Prior to this transaction, CABEI had executed several private placements in 2022 for an aggregate amount of US$417 million, under 4 different currencies and including its first ever SOFR denominated floating rate note.
Amidst market volatility, global investors continue to actively seek CABEI notes as a sound and solid investment, and a clear demonstration of the Bank’s financial strength and recognition as a consolidated global issuer. The latter anchored by the institution’s “AA“ credit ratings which result from a noteworthy track record of 18 upgrades over the past 20 years, positioning it as the best rated entity in all of Latin America for some years now.
For more than 25 years CABEI has executed a strategy of diversifying its funding sources which has enabled the MDB to have an uninterrupted access to the international capital markets, holding a privileged position as global issuer with placements in 24 different currencies and 23 different markets.