The Central American Bank for Economic Integration (CABEI) issued its second social bond in the Mexican market for an amount equivalent to 150.9 million dollars in local currency. This is CABEI’s fifth ESG placement in 2022, considering four social bonds and one green bond. The net resources of this social issuance will be used to finance eligible social projects under CABEI’s Social Bond Framework, in compliance with the principles of the International Capital Markets Association (ICMA) and will contribute to develop a more inclusive Central American region.

The social bond was issued with a floating rate coupon of TIIE28+25bps for a 3-year term and was rated mx.AAA and AAA.mx by S&P and Moody’s respectively. The placement had a wide range of investors composed of asset managers (54%), development banks (30%) and commercial banks (16%). Mexico represents almost 20% of CABEI’s historical bond issuances with an aggregate amount of 2.9 billion dollars through a total of 25 transactions since 2007.