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.

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”).

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”).

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”).

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.