Press Releases


November 20, 2024

CGIF supports inter-ASEAN+3 strategic partnerships and investment through its guarantee for Singapore Medical Group’s debut bonds

Manila, 20 November 2024 – The Credit Guarantee and Investment Facility (“CGIF”), a trust
fund of the Asian Development Bank (“CGIF”), has guaranteed Singapore Medical Group
Limited’s (“SMG”) five-year SGD90.0 million bond issuance (“the Bonds”).

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November 8, 2024

CGIF Guarantees ASEAN’s First Rated Data Center Bond, issued by PowerDC HoldCo Pte. Ltd.

Manila, 8 November 2024 – Credit Guarantee and Investment Facility (“CGIF”), a trust fund of the Asian Development Bank (“ADB”) has guaranteed PowerDC HoldCo Pte. Ltd.’s (“PowerDC”) five-year SGD100,000,000 3.625 percent Senior Unsecured Guaranteed Bonds due 2029 (“the Bonds”).

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October 18, 2024

CGIF Guarantees ASEAN Shipping Sector’s First Sustainability-Linked Bond

Manila, 18 October 2024 – The Credit Guarantee and Investment Facility, a trust fund of the Asian Development Bank (“CGIF”) has guaranteed the sustainability-linked bonds (“SLBs”) issued by Precious Shipping Public Company Limited (“PSL”). The issuance comprised two (2) bond tranches with maturities of five (5) and ten (10) years, each issued with a size of THB680.0 million, totaling THB 1,360.0 million.

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August 8, 2024

CGIF Guarantees VSK’s Inaugural Bond Issuance

Manila, 8 August 2024 – Credit Guarantee and Investment Facility, a trust fund of the Asian Development Bank (“CGIF”) has guaranteed Vongsayam Korsang Co., Ltd’s (“VSK”) three-, five-, seven-, and ten-year bonds amounting to THB1,955.80 million. The transaction has achieved two significant breakthroughs. Firstly, the ten-year tranche is the longest THB bond to be guaranteed by CGIF to date. Secondly, it is the first CGIF-guaranteed offering placed entirely to high net worth individuals only.

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July 11, 2024

CGIF Power’s up Thematic Bond Issuances in the ASEAN+3 Region

Manila, 11 July 2024 – The Credit Guarantee and Investment Facility, a trust fund of the Asian Development Bank (“CGIF”) has played a pivotal role in facilitating landmark bond issuances in the ASEAN+3 region so far this year, supporting a total of six local currency transactions. Three of these issuances mark significant milestones catalysing green finance and sustainable investing in the region.

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