CABEI further strengthens its presence in the Republic of China (Taiwan) after obtaining Funds from a Syndicated Loan for an aggregate amount of US$250 million
The syndicated loan was executed through two (2) tranches for an aggregate amount of US$250 million, with the participation of nine (9) Taiwanese financial institutions under the syndication of CTBC Bank.
Tegucigalpa, May 9th, 2023.- The Central American Bank for Economic Integration (CABEI) completed the execution of a credit facility syndicated by CTBC Bank through the disbursement of a second tranche for US$100 million. As such, it is essential to indicate that the first tranche of the syndication was closed for an initial amount of US$150 million, reflecting CABEI's consolidated and recognized track record in the Taiwanese market.
CABEI's Executive President, Dr. Dante Mossi, was most grateful for the trust that Taiwanese investors have placed in the Bank since its first market participation back in 1997 and for their commitment to the institutional agenda to promote the sustainable development of the region. Along these lines, Dr. Mossi stated that "The Republic of China (Taiwan) commitment towards CABEI increases every year as it becomes the member with the largest shareholding position within the Institution; this also is supported by public and private financial institutions such as CTBC Bank with whom we have a solid multi-product strategic alliance."
For his part, Morris Li, Chairman of CTBC Bank, pointed out that "in addition to the joint structuring a few months ago of a US$250 million ten (10) year Formosa bond that tapped investors in the Republic of China (Taiwan), CTBC Bank also led the structuring of this five (5) year syndicated loan for CABEI, by consolidating a strong syndicate of nine (9) Taiwanese banks (public or private)”. Furthermore, Chairman Morris Li stated that "this deal is representative of a supranational organization that has had access to the liquidity of Taiwanese loan markets for over a decade, and potentially other Asian markets in the future."
The Republic of China (Taiwan) has been a member of CABEI since 1992, being one of its first non-regional members, and currently has the most significant contribution of subscribed capital. CABEI opened its representative office in Taipei in July 2021 to strengthen the supportive relationship between the Institution and the Republic of China (Taiwan) and establish a vital bridge to increase its presence in Asian markets. In this context, it is essential to note that CABEI has increased its funding activity in Asian markets and that for 2022, 38% of funding came from the Republic of China (Taiwan).