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.

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.

The Credit Guarantee and Investment Facility (“CGIF”) is pleased to announce that it has executed its inaugural reinsurance treaty, with a panel of market leading private reinsurers, led by the specialist credit reinsurance team of Munich Re.

The Credit Guarantee and Investment Facility (“CGIF”) is pleased to announce its first guarantee to a Malaysian corporate. With such, CGIF has now guaranteed bonds issued by corporates from 8 countries as it continues to perform its catalytic role in developing the ASEAN local currency bond markets.

The Credit Guarantee and Investment Facility (“CGIF”) is pleased to announce its first guarantee to a Singaporean corporate marking another milestone as well as the expansion of its portfolio into the healthcare sector.