Shearman And Sterling

News February 12, 2021

CABEI’s $500 Million Social Bond Offering

Shearman & Sterling advised the Central American Bank for Economic Integration (CABEI) on its $500 million social bond offering.

CABEI will use proceeds to finance and refinance eligible social projects and assets under its social bond framework, as reported. Eligible categories include access to essential services, employment generation, socioeconomic empowerment, affordable basic infrastructure, and food security and sustainable food systems.

The notes will be listed in Luxembourg and governed by New York law. BofA Securities, Credit Agricole CIB, and Standard Chartered Bank were the bookrunners.

The Team