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CABEI issues first education bonds in private placement

CABEI issues first education bonds in private placement

December 23, 2022 | Hernán Goicochea
Central American development bank sells $50 mln worth of notes to Japan's Dai-chi Frontier Life

Corporate & Sovereign Strategy Bonds Debt Fixed Income Capital Markets Social Bonds Central America El Salvador

The Central American Bank for Economic Integration (CABEI) said it raised $50 million in its first sale of education bonds through a private placement with Japan's Dai-chi Frontier Life Insurance Company. CABEI priced the new 10-year social bonds at a fixed rate of 4.88%, according to Humberto Rodríguez, head of debt capital markets and external funding at the development bank. The Tegucigalpa-based development bank plans to use the proceeds to fund the "Mi Nueva Escuela" program in El Salvador,

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