CABEI issues first bond in Indonesian Rupiahs for IDR 555 billion to finance social projects in the region
Tegucigalpa, October 21, 2024.- The Central American Bank for Economic Integration (CABEI) issued its first bond in Indonesian Rupiahs (IDR) through a social private placement format for IDR 555 billion, equivalent to USD 35.6 million.
The issuance, structured by BNP Paribas with a seven-year maturity, marks an important step for the Bank as part of its Financial Strategy, which advocates for diversifying its funding sources and expanding into new currencies. The IDR issuance is the 26th currency in which CABEI has raised funds throughout its history, further consolidating its presence in global capital markets.
CABEI Executive President Gisela Sánchez expressed satisfaction with the transaction, stating, "We are very proud of this new issuance that highlights our ability to access diverse markets and aligns with our strategy to broaden our investor base." President Sánchez added, "This transaction is a testament to CABEI's strong financial position, its recognized status as a well-established ESG issuer with 27 thematic issuances, and the confidence that our global investor community places in our ability to generate high-impact development projects."
The funds raised from this issuance will be allocated to finance eligible social projects under CABEI's Social Bond Framework, aimed at promoting economic development and social welfare in the Central American region. This issuance strengthens CABEI's position as a regional leader, demonstrating its commitment to sustainable financing through the expansion of its currency portfolio.