San José, November 20, 2024-The Central American Bank for Economic Integration (CABEI) successfully completed its ninth bond issuance in Costa Rica's capital market, raising a total of 31.3 billion Costa Rican colones (CRC), equivalent to US$61.5 million.

This issuance marks the Bank's third placement in the past twelve (12) months in this important regional market. Historically, CABEI has issued an aggregate amount equivalent to US$508.1 million in Costa Rica, solidifying its position as the leading multilateral issuer in this market. This milestone further underscores the Bank's commitment to fostering the development of domestic markets for the benefit of its member countries.

The issuance was led by BCR Valores Puesto de Bolsa S.A., part of the Banco de Costa Rica (BCR) conglomerate, with the support of Citibank. The transaction was structured into two (2) tranches: the first for CRC13.45 billion with a three-year term, and the second for CRC17.85 billion with a five-year term; both at fixed rates.

CABEI Executive President Gisela Sánchez remarked: "The Costa Rican market and its investors continue to demonstrate their steadfast support and confidence in CABEI, establishing themselves as a key platform under our renewed financial strategy to strengthen our presence in the region's capital markets."

The proceeds will be allocated to finance high-impact initiatives that promote the growth and development of member countries, such as the recently approved San José-San Ramón Corridor Expansion and Improvement Project in Costa Rica, which will enhance connectivity and drive sustainable progress.