The London Stock Exchange celebrates CABEI’s debut at Market Close
London, March 22, 2023.
The London Stock Exchange (LSE) welcomed today a delegation from the Central American Bank for Economic Integration (CABEI) lead by its executive president, Dante Mossi, to celebrate its debut listing though its recent historical US$1.25 billion global bond due 2026 under its Social Bond Framework.
CABEI’s Executive President, Dr. Dante Mossi, expressed his appreciation for the support the team at the London Stock Exchange have given to the Bank by stating “the LSE understands our potential and value for European investors, especially those focused on high impact sustainable investments in Central America. As such, it is important to note that 22% of our historical bond placements have taken place in Europe under different formats and currencies.”
Coincidentally, the above-mentioned bond is CABEI’s largest ever issuance and its third benchmark deal since achieving its “AA” rating back in 2019, confirming its commitment to continually access the primary market. It also represents CABEI’s 130th MTN issuance and its fourth consecutive Environmental, Social and Governance (ESG) transaction in 2023, consolidating its position as the most relevant multilateral for the Central American region. Since its first ESG issuance in 2019, CABEI has raised more than US$3.8 billion under its Social and Green & Blue Frameworks to finance robust programs and projects with a high and measurable impacts on development.
Dr. Mossi also expressed his confidence that stakeholders will make the most of this new platform for the benefit of the region stating that “we come to the LSE as the best rated issuer in LATAM at “AA” backed by a particular track record of 18 rating upgrades since 2002 driven by a strong franchise value which is underpinned by a business model that combines a strong financial position with the undisputed support of both borrowing ad non-borrowing member countries.”
CABEI is a catalyst for social, green, and blue financing for the Central American region, with a strategic vision focused on sustainable development with environmental and social commitments that contribute to the UN Sustainable Development Goals (SDGs).
The London Stock Exchange is expected to remain a key partner for CABEI, as the bank continues to mark significant milestones towards the advancement of its efforts to expand its global reach and build bridges between Central America and the rest of the world.