Cabei Diversifies with Dim Sum Debut

Cabei Diversifies with Dim Sum Debut

Asia Bonds

The Central American Bank for Economic Integration (Cabei) has raised CNH500m ($80m) in its first-ever offshore renminbi bond. Cabei priced the 2016 “Dim Sum” bond at par with a 3.20% coupon, to yield at the tight end of 3.20%-3.25% guidance which followed 3.25%-area talk. “We have been closely looking at this market for at least three years,” Cabei treasurer Felix Magana tells LatinFinance. An improvement in swap rates allowed the multilateral to finally emerge with a deal Monday, he explains,

Already have an account?

Free trial

Take a free two-week trial now for the latest news, data and market analysis.

Free Trial