CGIF in the News


June 5, 2013

CGIF ‘AA+/A-1+’ Foreign Currency Ratings Affirmed; Outlook Stable

On June 5, Standard & Poor’s Ratings Services affirmed its ‘AA+’ long-term and ‘A-1+’ short-term foreign currency ratings on Credit Guarantee and Investment Facility (CGIF).

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May 7, 2013

CGIF-wrapped bond to spark Asean local currency market

Noble Group’s baht-denominated bond issue is the first fully guaranteed by a wrap from the Credit Guarantee & Investment Facility, an ADB trust supported by ASEAN+3.

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February 28, 2013

Record Bond Sales Showing Lessons of 1997 Learned: Asean Credit

Southeast Asian companies are on track for an eighth straight year of record bond sales as local investors provide protection from a repeat of 1997, when the region’s currencies collapsed and global banks fled.

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June 1, 2012

Credit guarantee unit to serve Asean

The Credit Guarantee and Investment Facility (CGIF), an agency set up by Asean+3 and the Asian Development Bank to help develop local-currency bond and cross border bond markets in the region, has started to operate, says chief executive Kiyoshi Nishimura.

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May 30, 2012

Asean Backing Junk Debt Lures Prudential: Southeast Asia

Southeast Asia’s first plan to back corporate bonds will lure pension funds seeking higher yields from investment-grade debt, according to Prudential Plc and PineBridge Investments LLC.

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