CABEI hires banks for social bond sale

CABEI hires banks for social bond sale

Bonds Debt Capital Markets Corporate & Sovereign Strategy Fixed Income Economy & Policy Central America

The Central American Bank for Economic Integration (CABEI) has hired Bank of America, Crédit Agricole and Standard Chartered Bank for a benchmark-sized bond sale in US dollars, a source involved in the deal said. The Tegucigalpa-based development bank started pitching the planned five-year social bonds to investors on Friday, but the date of bond sale will depend on market conditions, the source said. CABEI will use the proceeds to finance and refinance social projects that fit the criteria for

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