BCIE issues its fourth social bond, first in the Taiwanese market

The Central American Bank for Economic Integration (CABEI) issued its fourth social bond in 2022, the first in the Taiwan capital market, for an amount of 55 million dollars.

The proceeds will finance eligible social projects and assets in alignment with the principles of the International Capital Markets Association (ICMA). The latter, in line with CABEI’s Institutional Strategy through which it seeks to develop a more sustainable Central American region and positively impact the UN Sustainable Development Goals (SDG).

The private placement had a fixed rate coupon of 4% and a term of 5 years, reaffirming CABEI’s commitment as a frequent “Environmental, Social and Governance” (ESG) issuer.