Cabei tightens Formosa ahead of pricing

Central America, Honduras, Tegucigalpa, LatAm, Cabei, BCIE, 575
By Oliver West
03 Jun 2020

The Central American Bank for Economic Integration (Cabei) is set to price a senior unsecured Formosa bond on Wednesday after tightening price discussions.

Cabei had set initial guidance on its five year floating rate note, which will be between $200m-$400m, at 150bp-160bp over three month Libor. On Wednesday morning in Taiwan, the Aa3/AA rated multilateral set final price guidance at Libor plus 145bp for the June 2025 bond.

HSBC Bank (Taiwan) and ...

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