Press Releases


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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May 31, 2024

CGIF Guarantees Thonburi Healthcare Group PCL’s Maiden Bond Issuance

Manila, 30 May 2024 – Credit Guarantee and Investment Facility, a trust fund of the Asian Development Bank (“CGIF”) has guaranteed the three- and five-year bonds amounting to THB700 million and THB1,000 million, respectively, by first-time bond issuer Thonburi Healthcare Group PCL (“THG”).

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April 30, 2024

CGIF Accelerates the Guaranteed THB Debentures Issued by XJ International Holdings Co., Ltd.

Manila, 30 April 2024 – XJ International Holdings Co., Ltd. (“XJ”, formerly known as Hope Education Group Co. Ltd.), as guarantor of the US$350,000,000 Zero Coupon Guaranteed Convertible Bonds Due 2026 issued by Tequ Mayflower Limited (the “CBs”), announced on the Hong Kong Stock Exchange that CB holders have the option to require XJ to redeem all or some of the CBs on 2 March 2024 (the “Optional Redemption Date”), it had received redemption option notices in respect of US$315,100,000 in outstanding aggregate principal amount of the CBs (“Relevant CBs”), and it did not make payments for the Relevant CBs pursuant to the redemption options on the Optional Redemption Date. As a result, an event of default occurred in respect of the CBs on 2 March 2024.

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March 5, 2024

CGIF supports Daewoo E&C with SGD 150 Million Guarantee for 5-Year Bonds

The Credit Guarantee and Investment Facility, a trust fund of the Asian Development Bank (“CGIF”), proudly announces its guarantee of the SGD 150 million 5-year Senior Unsecured Bonds issued by Daewoo Engineering & Construction Co., Ltd. (“Daewoo E&C”).

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February 15, 2024

Hektar REIT launches pilot Medium-Term Notes Programme with CGIF’s support

Credit Guarantee and Investment Facility, a trust fund of the Asian Development Bank (“CGIF”) has guaranteed Hektar Real Estate Investment Trust’s (“Hektar REIT”) five-year MYR215.0 million Medium-Term Note (the “Guaranteed Tranche”). Hektar REIT is a Malaysian-based diversified real estate investment trust which is listed on Bursa Malaysia.

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