Sunday, 26 March 2023 15:45

London Stock Exchange celebrates BCIE's debut at market close

Written by Evelyn Alas

The London Stock Exchange (LSE) today welcomed a delegation from the Central American Bank for Economic Integration (CABEI) led by its Executive President, Dante Mossi, to celebrate its stock market debut through its recent historic US$1.25 billion global bond maturing in 2026 under its Social Bond Framework.

CABEI's Executive President, Dr. Dante Mossi, expressed his appreciation for the support that the London Stock Exchange team has provided to the Bank noting that "the LSE understands our potential and value to European investors, especially those focused on sustainable, high-impact investments in Central America. As such, it is important to note that 22% of our historical bond placements have taken place in Europe under different formats and currencies.

"Coincidentally, the aforementioned bond is CABEI's largest issuance in its history and its third benchmark transaction since it achieved its "AA" rating; back in 2019, confirming its commitment to continuously access the primary market.

It also represents CABEI's 130th MTN issuance and its fourth consecutive Environmental, Social and Governance (ESG) transaction in 2023, consolidating its position as the most relevant multilateral for the Central American region. Since its first ESG issuance in 2019, CABEI has raised more than US$3.8 billion under its Social Framework and its Green and Blue Framework to finance robust programs and projects with a high and measurable development impact.

Dr. Mossi also expressed his confidence that stakeholders will take full advantage of this new platform for the benefit of the region, stating that "we come to the LSE as the highest rated issuer in LATAM at "AA", backed by a particular track record of 18 rating upgrades since 2002, driven by a strong franchise value that is underpinned by a business model that combines a solid financial position with the unquestionable support of borrowing and non-borrowing member countries.

CABEI is a catalyst for social, green and blue financing for the Central American region, with a strategic vision focused on sustainable development with environmental and social commitments that contribute to the UN Sustainable Development Goals (SDGs).

The London Stock Exchange is expected to remain a key partner for CABEI, as the bank continues to mark significant milestones towards advancing its efforts to expand its global reach and build bridges between Central America and the rest of the world.

 

Translated by: A.M