Press Releases


February 15, 2024

Hektar REIT launches pilot Medium-Term Notes Programme with CGIF’s support

Credit Guarantee and Investment Facility, a trust fund of the Asian Development Bank (“CGIF”) has guaranteed Hektar Real Estate Investment Trust’s (“Hektar REIT”) five-year MYR215.0 million Medium-Term Note (the “Guaranteed Tranche”). Hektar REIT is a Malaysian-based diversified real estate investment trust which is listed on Bursa Malaysia.

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January 19, 2024

CGIF guarantees Telcotech Ltd’s KHR82,080 million floating-rate public bond

The Credit Guarantee and Investment Facility (“CGIF”), a trust fund of the Asian Development Bank (“ADB”), is delighted to announce its support to a KHR 82,080 million 5-year floating-rate guaranteed public bond (the “Bond”) issued by Telcotech Ltd. (“Telcotech”). Initially issued on December 29, 2023, the Bond has achieved a successful listing on the Cambodia Securities Exchange as of today.

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December 28, 2023

CGIF supports Vietnam’s leading water purifier producer Tecomen Holding JSC

Credit Guarantee and Investment Facility (“CGIF”), a trust fund of the Asian Development Bank (“ADB”) has guaranteed Tecomen Holding Joint Stock Company’s (“Tecomen” or “Issuer”) debut bond issuance, a five-year VND200 billion fixed-rate bond (“Bond”).


Vietnam-based Tecomen was founded in 2006 as producer and distributor of water purifiers. Its homegrown and self-developed water purifier brand “Karofi” was the first smart water purifier in the country, as well as the first locally produced water purifier to meet Vietnam’s Ministry of Health’s standards for direct drinking water. To date, it is Vietnam’s number one water purifier in terms of market share with the largest production facility in ASEAN.

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December 14, 2023

CGIF guarantees A&A Green Phoenix Group Joint Stock Company’s VND 900 billion fixed-rate and floating-rate bonds

The Credit Guarantee and Investment Facility (“CGIF”), a trust fund of the Asian Development Bank (“CGIF”) is pleased to announce its support for an aggregated guaranteed VND 900 billion 7-year dual (fixed and floating rate) tranche amortizing bonds issued by A&A Green Phoenix Group Joint Stock Company (“Phenikaa”) on 14 December 2023. The bonds received overwhelming investor demand from institutional investors in Vietnam and will be registered for trading in Hanoi Stock Exchange (“HNX”).

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