CABEI issues its first 2022 social bond with a private issue
The net proceeds of this social bond will promote the economic and social development of the Central American region, aimed towards employment generation related projects.
Tegucigalpa, 26 May 2022.- The Central American Bank for Economic Integration (CABEI) issues its first ever Social Bond in a private placement format, this was also the first issuance in Australian Dollars (AUD) for year 2022, for a total amount of AUD110 million equivalent to USD76.3 million with a Korean investor, these notes will bear a fixed interest rate of 4.7%.
With this third issuance, CABEI totals a historic amount of AUD 286.7 million, additionally this social private placement becomes the 9th ESG issuance of CABEI totaling more than US$1.8 billion in its ESG issuances program.
CABEI´s Executive President Dr. Mossi, said “In line with international standards, CABEI has issued its first ever social bond in a private placement format with a Korean investor, sending a signal to international investors that Asia continues to play core role in the development of the Central American region”.
The net proceeds of this private placement will be directed to finance and refinance social projects in the region to help reactivate the Central American economic activity and support its member countries, specifically aimed to support employment generation.