Citi named sole arranger of CABEI’s 10-year JPY7b and 10-year US$130m ESG bonds

The bonds will be issued to Japanese and Taiwanese investors, respectively.

Citi has been appointed by the Central American Bank for Economic Intergration (CABEI) as the sole arranger of two green bonds: a 10-year, JPY7b blue bond and a 10-year US$130m social bond, according to a press release.

The bonds will be issued to Japanese and Taiwanese institutional investors, respectively.

Citigroup Global Markets Japan and Citigroup Global Markets Taiwan Securities served as distributors, whilst Citigroup Global Markets served as the underwriter of the transaction.

The funds raised by CABEI will be used to finance projects within their eligible categories.  These include Water Resource Protection, Sustainable Water Management, Renewable  Energy, Blue Economy, and Nature Protection under the Blue Bond framework, according to Citi.

Within the  Social Bond framework, Access to Essential Services, Employment Generation, Socioeconomic Empowerment, Affordable Basic Infrastructure, Food Security and  Sustainable Food Systems will be prioritized.