CABEI prints social bonds in private deal

CABEI prints social bonds in private deal

International Financial Institutions Corporate & Sovereign Strategy Bonds Debt Fixed Income Capital Markets Central America Jamaica Social Bonds

The Central American Bank for Economic Integration (CABEI) said it sold AUD72 million ($51.7 million) worth of 10-year social bonds in Australian dollars in a private placement with Japan's Meiji Yasuda Life Insurance Company. The bank priced the new 2032 notes at a fixed rate of 3.94% and plans to use the proceeds to fund social development projects in Central America, said a source involved in the deal. CABEI has now raised more than $1.85 billion through 10 deals in its environmental, social

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