28 February 2025

The Central American Bank for Economic Integration (CABEI) issued its first benchmark-size bond for £750 million in London. Bids reached over £3.1 billion with over 100 investors, a 10.3 oversubscription of the initial target amount and 4.1 times the issuance. The allocation was distributed among central banks, official institutions, investment funds, insurance companies, pension funds and bank treasuries. It is the first test of a renewed financial strategy to launch issuances in more liquid markets. CABEI is the highest rated Latin American issuer with a AA/Aa3 rating by S&P/Moody’s. Following January’s historic $1.5 billion global issue, CABEI has placed $2.43b so far in 2025, all of it considered sustainable. The money generated will be used for green and blue projects in Central America.

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