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Credit Guarantee and Investment Facility (CGIF) has received on 22nd December 2017, US$3 million from the government of the Philippines as the first installment payment out of their three installments for subscription of new shares offered to the Philippines under the capital increase proposal (CIP) approved by CGIF’s Contributors on 6 December 2017.
View Article»The Special Meeting of Contributors of Credit Guarantee and Investment Facility (“CGIF”), a trust fund of Asian Development Bank, agreed on 6 December 2017 to increase CGIF’s capital base from $ 700 million to $ 1.2 billion, thus enhancing CGIF’s ability to support development of local currency bond markets in ASEAN countries and help corporates and project in the region to tap these new funding sources.
View Article»Mobile World Investment Corporation (“Mobile World”), the leading retail group of diversified product categories including mobile phones and consumer electronics, has today successfully issued its inaugural VND1.135 Trillion fixed rate bonds, guaranteed by Credit Guarantee and Investment Facility (“CGIF”), a trust fund of Asian Development Bank that is rated AA internationally by S&P.
View Article»The Credit Guarantee & Investment Facility (CGIF) and Surbana Jurong Private Limited (SJ) today announced a collaboration to boost the use of local currency-denominated project bonds to finance greenfield infrastructure projects in Southeast Asia.
View Article»The Credit Guarantee & Investment Facility (CGIF) has successfully backed the issuance of a PHP1 billion (US$20 million equivalent) local currency bond issued by non-stock non-profit organization ASA Philippines Foundation, Inc. (ASA) with a 75% partial credit guarantee. This marks CGIF’s first guarantee support for a Local Currency Microfinance Bond in the region.
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