Press Releases


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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December 8, 2023

CGIF-guaranteed IDR Bond Issued by PT Adhi Commuter Properti Tbk Draws Solid Investor Demand

The Credit Guarantee and Investment Facility, a trust fund of the Asian Development Bank (“CGIF”) is pleased to announce its support for the guaranteed IDR499.9 billion bond (“Bond”) issued by PT Adhi Commuter Properti Tbk (“ADCP” or the “Company”) on 8 December 2023. The oversubscribed Bond marks CGIF’s first time support for an Indonesian property developer and continued support on the development of Indonesia’s bond markets.

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November 2, 2023

First CGIF Guaranteed Bond for private education provider in Malaysia

INTI Universal Holdings Sdn Bhd (“INTI”) has successfully issued its first RM Bond issuance via a Guaranteed MTN (“Guaranteed MTN”) of RM165.0 million, guaranteed by the Credit Guarantee and Investment Facility (“CGIF”), a trust fund of the Asian Development Bank (“ADB”).

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