CABEI issues its third social private placement bond
This social private placement will be directed to finance sustainable social projects such as the development of education in the central American region.
Tegucigalpa, 9 June 2022.- The Central American Bank for Economic Integration (CABEI) has issued once again in Australian Dollars (AUD). This issuance was a 5-year social private placement with a fixed rate of 3.94% for a total amount of AUD 50 million equivalent to USD 35.8 million, the investor for this transaction was T&D Financial Life, a Japanese insurance company.
During 2022, prior to this issuance, CABEI made two private placements in AUD for a total of AUD 182 million equivalent to USD 126.6 million, these issuances have contributed to CABEI’s Environmental, Social and Governance (ESG) issuance program. Furthermore, according to CABEI´s Social Taxonomy, the funds of this issuance will be directed to finance projects in the following category “Access to essential services” specifically on “Education and vocational training an infrastructure improvement”.
CABEI´s Executive President Dr. Dante Mossi, stated that “With this 11th ESG issuance, CABEI reaffirms its commitment pledged on the Bank´s Institutional Strategy 2020-2024 that aims to support Human Development and Social Inclusion which generates the capabilities to improve Central American´s well-being and quality of life.
Dr. Mossi added “CABEI foresees to continue issuing ESG bonds in the international market, to further diversify its investors base and support a sustainable development”
With this 3rd social private placement and in line with CABEI´s financing strategy, the Bank aims to diversify the international markets as well as its investor base. Additionally, with this recent bond in AUD, CABEI reaches the amount of AUD 408.7 million equivalent to USD 297 million in bonds issued in the abovementioned currency.
