CABEI issues bond in Costa Rica, further supporting capital markets in the Central American Region

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• The Bank reaches an institutional milestone through its seventh bond issuance in Costa Rica for CRC53 billion, concluding its largest ever annual funding plan at more than US$2.2 billion.

San José, November 14th, 2023.- The Central American Bank for Economic Integration (CABEI) placed its seventh bond issuance in Costa Rica through a seven-year note for 53 billion Costa Rican Colones (CRC), equivalent to US$98.6 million. Aggregate demand for the note exceeded CRC73 billion, resulting in an oversubscription of 1.4x, confirming the confidence regional investors have in their Multilateral Development Bank.

The placement of the note, led by INS Valores Puesto de Bolsa S.A. with the support of Citibank, resulted in one of the most competitive funding levels for CABEI so far this year, along with those obtained in the Mexican Capital Market, proving that the bank has robust support not only from governments, but also from investors based in its member countries. This transaction also showcased the participation of a diversified investor including public and private banks, insurance companies, and pension funds, among others.

Through this seventh participation in the Costa Rican capital market, CABEI's placements in this market have reached an aggregate historical amount of more than CRC190 billion since its first transaction back in 2009. The latter in line with its commitment to support the development of domestic markets, having already made bond placements in all of the countries that make up the Central American region, proving to be a high quality investment alternative for investors considering CABEI’s status as the best credit in Latin America at "AA".

As the leading multilateral development bank in the region, CABEI participates in the financing of projects that emphasize social development and contribute significantly to the achievement of Sustainable Development Goals (SDGs). This transaction is also aligned with CABEI's 2020-2024 Institutional Strategy, which seeks to make Central America a pillar of its own economic and social development.