Cabei Lands Swiss Debut

Cabei Lands Swiss Debut

Bonds Structured Finance Central America Europe

Cabei has raised CHF150m through its first bond sale in Swiss francs. Cabei priced the 2013 bond at 100.440 with a 2.250% coupon to yield 2.235%, or mid-swaps plus 150bp, tight to 155bp guidance. “Given the current market conditions, this was a successful transaction,” Felix Magana, treasurer of Cabei tells LatinFinance. He adds that this is consistent with the bank’s long-term strategy to diversify and grow its investor base. Credit Suisse managed the transaction, rated A minus/A2. Cabei will s

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