Central American Bank for Economic Integration

SECTOR Supranational
RATINGS AA/Aa3
RATING OUTLOOK Both stable
PAID-IN CAPITAL (31 Dec 2020) US$1.72BN
CALLABLE CAPITAL (31 Dec 2020) US$5.16BN
FUNDING VOLUME 2020/2021 US$1.5BN/US$1.5BN
LCR LEVEL, SOLVENCY II 4.56x, 32.2%
REPO ELIGIBILITY None
About Central American Bank for Economic Integration

Central American Bank for Economic Integration (CABEI) is the largest multilateral lender in Central America, with close to 50% share of total disbursements in the region. CABEI was established in 1960 and is headquartered in Honduras. Its mission is to promote the economic integration and the balanced economic and social development of the Central American region, attending to and aligning itself with the interests of all its shareholders.

To this end, the bank makes loans and provides technical assistance to entities in the region’s member countries. CABEI’s main focus has been in public-sector infrastructure projects. The 2020-2024 strategy incorporates an important emphasis on projects with regional scope.

In April 2020, CABEI implemented a capitalisation process, the second such process in less than 10 years, where the bank’s capital structure grew to US$7 billion from US$5 billion amid the COVID-19 crisis. This demonstrates strong shareholder support.

SUSTAINABILITY OBJECTIVES OF GSS BOND PROGRAMMES
CABEI’s GSS bond programmes aim to develop a more sustainable and resilient Central American region.

GSS BOND PROGRAMME NAMES Green Bond Programme, Social Bond Programme

REFERENCE TAXONOMIES FOR THE USE OF PROCEEDS

 Green Bond Principles, Social Bond Principles
FRAMEWORKS WITH WHICH THE GSS BOND PROGRAMMES ARE ALIGNED Green Bond Principles (June 2018), Social Bond Principles (June 2020)
EXTERNAL REVIEW PROVIDERS Sustainalytics

PUBLIC ISSUER ESG RATINGS/SCORES
CABEI is not aware of any ESG rating.

Sustainable funding strategy

In recent years, aligned with its institutional strategy, CABEI has achieved steady growth in its sustainable funding, following its first global green bond in 2019. This is in line with the bank’s zero-carbon emissions pledge and its accreditations with global funds such as the Green Climate Fund and the Adaptation Fund.

The Central American region is CABEI’s core business, which is why CABEI guides its efforts toward capturing resources in Central America’s local currencies. With these local issuances, the bank expects to continue supporting and funding its wide range of social and green projects throughout the region with the sole purpose to benefit its people.

In November 2020, CABEI reached a global milestone by becoming the first ever multilateral development bank to issue a COVID-19 vaccine bond.

FOR FURTHER INFORMATION PLEASE CONTACT:

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www.bcie.org/en/investor-relations