Cabei opens books on Kangaroo bond

Cabei opens books on Kangaroo bond

Central America Asia Japan Bonds Australia

The Central American Bank for Economic Integration (Cabei) has opened the order books for a debut issue in the Australian Kangaroo bond market, LatinFinance has heard. The A1/A/A rated bank will raise at least AUD50m ($37.8m) from the sale of 10-year bonds but it could print closer to $50m, depending on investor demand, said two debt capital markets sources. Australian and Japanese institutional investors will likely make up most of the order book, said Ricardo Rico, Cabei’s head of de

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