Press Releases


September 21, 2026

CGIF Fulfills Guarantee Obligation Following ADCP’s Second Coupon Payment Default

Manila, 21 September 2026 – PT Adhi Commuter Properti Tbk (“ADCP”) failed to make the scheduled coupon payment due on 8 September 2026 in respect of the CGIF-guaranteed Indonesian Rupiah Bonds (the “Bonds”) it had issued. This non-payment constituted a further Event of Default, following the Event of Default that arose from ADCP’s failure to make the coupon payment due on 8 June 2026.

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September 16, 2026

CGIF Catalyzes Thailand’s Project Bonds with Twin Thai Baht Issuances, First in the Renewable Energy Sector

Manila, 16 September 2026 – Credit Guarantee and Investment Facility (“CGIF”), a trust fund of the Asian Development Bank (“ADB”), is pleased to guarantee the twin dual-tranche project bond issuances of Tropical Wind Co., Ltd. and K.R.S. Three Co., Ltd. (“The Issuers”). The Issuers are 90MW wind power project companies based in Thailand’s Nakhon Ratchasima operating under Power Purchase Agreements with the Electricity Generating Authority of Thailand (“EGAT”) since 2018. The twin issuances mark CGIF’s first guarantee for wind power projects, while also being Thailand’s first project bonds in the renewable energy sector.

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August 12, 2026

CGIF supports ASEAN’s First Green Sukuk for Data Center, with ADB and Malaysian banks

Manila, 12 August 2026 – Credit Guarantee and Investment Facility (“CGIF”), a trust fund of the Asian Development Bank (“ADB”), is pleased to announce its participation in a club deal alongside local financial institutions and the ADB for a RM2.6 billion Shariah-compliant Sukuk Wakalah Programme (“Sukuk Programme”) established by Sime Darby Property NEV (Holdings) Sdn Bhd (“SDP NEV”).  

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June 19, 2026

CGIF Honors Guarantee Obligations Following ADCP Coupon Payment Default – Marking CGIF’s 1st Guarantee Payout in Indonesia

Manila, 19 June 2026 – PT Adhi Commuter Properti Tbk (“ADCP”) failed to make the scheduled coupon payment due on 8 June 2026 in respect of the CGIF-guaranteed Indonesian Rupiah Bonds (the “Bonds”) it had issued. This non-payment constituted an Event of Default under the terms and conditions of the Bonds and the relevant transaction documents.

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June 9, 2026

CGIF Completes Largest IDR Bond and Sukuk Program with Global Mediacom’s Tranche II Issuance – Deepening Indonesia’s Sukuk Markets

Manila, 8 June 2026 – Credit Guarantee and Investment Facility (CGIF), a trust fund of the Asian Development Bank, is pleased to announce the completion of its guaranteed bond and sukuk program for PT Global Mediacom Tbk (“BMTR” or “Global Mediacom”) with the successful issuance of Tranche II totaling IDR 800 billion (~USD 45.2 million), listed on Indonesia Stock Exchange on 8 June 2026. Together with Tranche I of IDR 1.4 trillion (~USD 85.4 million) issued earlier on 24 June 2025, the combined IDR 2.2 trillion (~USD 130.6 million) program stands as CGIF’s largest IDR-denominated bond and sukuk program to date.

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