CABEI sells bonds to buy coronavirus vaccine

CABEI sells bonds to buy coronavirus vaccine

Bonds Debt Capital Markets Economy & Policy Fixed Income Central America Belize Costa Rica Dominican Republic El Salvador Guatemala Honduras Nicaragua Panama

The Central American Bank for Economic Integration (CABEI) said it sold $50 million worth of bonds to fund part of a $400 million credit program to buy the COVID-19 vaccine in member nations. The Tegucigalpa-based development bank issued the five-year notes in a private placement and became the first multilateral lender to place a "vaccine bond" in Asia, it said in a press release on Wednesday. CABEI did not provide pricing information on the deal, but it added that it has high-grade ratings wit

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