CABEI plans sterling bond debut

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Get the news on sustainable finance & investment in Latin America Name * First Last Email * Company * Job Title * Δ NEWSLETTER DELIVERED MONTHLY THANKS TO Credit: CABEI The Central Bank for Economic Integration (CABEI) is considering issuing its first-ever sterling-denominated bond this year after pricing its maiden sustainable benchmark-sized deal earlier this month, CFO Humberto Rodríguez told LatinFinance . “We’re reaching out for new investors in new markets all the time,” he said in an interview. “We used to depend a lot on the Asian markets, but now we’ve sort of become too expensive for them, and so we are looking at deeper markets like the sterling market. It wouldn’t be a surprise to see CABEI there eventually.” The development bank also intends to sell additional sustainable notes this year, after raising $1.5 billion in the sale of three-year sustainable bonds on January 16. ADVERTISEMENT Calling Private Investors: Four Opportunities to Scale Impact in the Amazon Region Despite facing an ecological tipping point, sensible investments in the basin can foster sustainable growth and protect ecosystems. That deal was bank’s largest-ever bond sale and also the largest ESG-labeled benchmark issue by a Latin American multilateral development bank. Demand for the 2028 notes exceeded $4 billion and included bids from 110 global investors. “It gives us a new scope of additional investors that look at CABEI and are brought into our name,” Rodríguez said. The bank said it will use the sale proceeds to finance or refinance social, green, and blue eligible projects in line with its recently published sustainable bond framework. Last November, CABEI raised the equivalent of $35 million in a sale of bonds denominated in Turkish lira , in what was its inaugural issue of sustainable notes. More Sustainable Finance & Investment News FREE TO READ THANKS TO CABEI talks pricing for sustainable bonds Acciona taps SLL Funo firms up new SLB issuance Aegea subsidiary tees up ESG bond deals Aeris gets bond waiver Cross-border bond markets lure more LatAm issuers BNDES approves Raízen credit line IDB lines up dual bond offering Chile prices back-to-back global deals Grenergy nabs another loan Investors find ESG ‘bright spot’ in tough market Promigas prices social bonds in Colombia Load more posts Something went wrong. Please refresh the page and/or try again.