Central American Bank for Economic Integration

SECTOR Supranational
RATINGS AA/Aa3
RATING OUTLOOK Both stable
PAID-IN CAPITAL (31 Dec 2021) US$1.72BN
CALLABLE CAPITAL (31 Dec 2021) US$5.16BN
FUNDING VOLUME 2021/2022 US$1.56BN/US$1.25BN
LCR LEVEL, SOLVENCY II LCR 5.39x, 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 public-sector infrastructure projects. The 2020-24 strategy incorporates an 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 Programme: sustainable land use, renewable energy, sustainable water management, clean transport.
Social Bond Programme: access to essential services, employment generation, socioeconomic empowerment, affordable basic infrastructure, food security and sustainable food systems.
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

CABEI has achieved steady growth in 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. CABEI started issuing social bonds in 2021.

With the aim to diversify its sustainable debt instruments, CABEI is developing a Blue Bond Taxonomy that will be aligned with the UN Global Compact Blue Bonds Reference Paper, the EU taxonomy and ICMA's four core components.

FOR FURTHER INFORMATION PLEASE CONTACT:

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www.bcie.org/en/investor-relations