Press Releases


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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July 10, 2024

CGIF Supports Indonesia’s First IDR Sustainability-linked Bond Issued by SPINDO

Manila, 10 July 2024 – The Credit Guarantee and Investment Facility, a trust fund of the Asian Development Bank (“CGIF”) is pleased to announce its first Sustainability-Linked Bond (“SLB”) guarantee in Indonesia for PT Steel Pipe Industry of Indonesia (“SPINDO”) amounting to IDR1.0 trillion issued on 9 July 2024. Listed in Indonesia Stock Exchange (IDX) today, the transaction marks a remarkable landmark for sustainable financing in Indonesia.

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June 25, 2024

CGIF supports its first Sustainability-Linked Bond issued by Sabana Industrial REIT

Manila, 25 June 2024 – Credit Guarantee and Investment Facility, a trust fund of the Asian Development Bank (“CGIF”) has guaranteed Sabana Industrial Real Estate Investment Trust’s (“Sabana Industrial REIT”) five-year SGD100 million sustainability-linked bond (“SLB”).

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June 24, 2024

CGIF supports its first Cambodian Green Bond for issuer from the Special Economic Zone sector, Royal Group Phnom Penh SEZ

Manila, 24 June 2024 — Credit Guarantee and Investment Facility, a trust fund of the Asian Development Bank (“CGIF”) has guaranteed Royal Group Phnom Penh SEZ’s (“RGPPSP”) debut corporate bond issuance, five-year KHR 41.00 billion floating-rate amortizing bonds (“Bond”).

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