Cabei taps two markets to near funding target

Honduras, San Pedro Sula, coronavirus, LatAm, Central America, covid-19, 575, Cabei
By Oliver West
04 Jun 2020

The Central American Bank for Economic Integration (Cabei) raised $530m-equivalent of debt in Taiwan and Switzerland this week to complete the bulk of its bond financing for the year, leaving the lender to focus on bilateral funding and further investor relations for the rest of the year.

A day after wrapping up a Formosa bond, Cabei turned to the Swiss market on Thursday for a five year Swiss franc trade.

Sole bookrunner UBS set initial price thoughts at 100bp-105bp over mid-swaps before bringing guidance to 95bp-100bp over. The bank launched a Sfr150m ($157m) June 2025 ...

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