Cabei taps Swiss market for tight funding

Cabei taps Swiss market for tight funding


The Central American Bank for Economic Integration (Cabei) sold an 8-year CHF180m ($201m) bond to yield 1.778% on Tuesday. The bond pays a 1.875% coupon and was priced at 100.72. The Honduras-based multilateral lender had originally planned to raise CHF100m but took advantage of high demand from investors to increase the deal size, said Ricardo Rico, Cabei’s head of debt capital markets. The sale is part of a trend by Latin American issuers to sell bonds in Swiss francs and euros, where costs ar

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