Press Releases


May 6, 2020

PRASAC Microfinance Institution PLC (“PRASAC”) issues the largest bond with CGIF guarantee

The Credit Guarantee and Investment Facility, a trust fund of the Asian Development Bank (“CGIF”) is pleased to announce the second CGIF-guaranteed bond in Cambodia. CGIF guaranteed 100% of PRASAC’s KHR 127.2 billion fixed rate 3-year bond. The first bond issuance of PRASAC marks the single largest capital raising in the history of Cambodia’s capital market.

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April 30, 2020

RMA (Cambodia) PLC (“RMAC”) debuts in the Cambodian bond market

Credit Guarantee and Investment Facility, a trust fund of the Asian Development Bank (“CGIF”) is pleased to announce the first CGIF-guaranteed bond in Cambodia. CGIF guaranteed 100% of RMAC’s KHR 80 billion fixed rate 5-year amortized bonds.

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January 15, 2020

CGIF signs a THB1.5 billion Risk Participation Agreement with the Asian Development Bank

CGIF signed on 10 January 2020 a Risk Participation Agreement (RPA) with the Asian Development Bank (ADB) to share 50% of the default risk on ADB’s investment of THB 3 billion in 7-year Green Bonds issued by Energy Absolute Public Company Ltd on 16 October 2019.

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January 13, 2020

CGIF supports Thaifoods Group Public Company Limited’s issuance of THB2 billion AAA-rated 5-year bonds

The Credit Guarantee and Investment Facility (“CGIF”) is pleased to announce its support for Thaifoods Group Public Company Limited’s (“TFG’s”) 5-year THB2 billion bonds issued on 8 January 2020.

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January 10, 2020

CGIF guarantees Vietnam Electrical Equipment Joint Stock Corporation’s VND1.15 trillion fixed rate bonds

Credit Guarantee and Investment Facility (“CGIF”), a trust fund of the Asian Development Bank (“ADB”), rated AA internationally by S&P, has guaranteed Vietnam Electrical Equipment Joint Stock Corporation’s (“Gelex’s”) VND1.15 trillion (equivalent to USD50 million) fixed-rate bonds on 31 December 2019.

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