CGIF - Credit Guarantee & Investment Facility

Credit Guarantee and Investment Facility, a trust fund of the Asian Development Bank (“CGIF”) is pleased to announce its support for China Education Group Holdings Limited’s (“CEG’s”) first bond issuance on 22 March 2022, comprising a 3-year CNH500.0 million offshore renminbi bond. This is ASEAN+3’s first international bond by an issuer from the higher education sector.

The bond allows CEG to tap ASEAN+3 long term liquidity whilst accessing international investors in its operating currency, a key policy objective of CGIF. CGIF’s guarantee also demonstrates its continuous support for social infrastructure like education, an essential sector of ASEAN+3.