CGIF guaranteed JPY15.4 billion 9-year fixed-rate senior unsecured bond issued by GLP Pte. Ltd. (“GLP” or the “Company”) (rated Baa3/BBB/BBB by Moody’s/S&P/Fitch) in the Tokyo Pro-Bond market

The Credit Guarantee & Investment Facility (CGIF) was established in November 2010 by the ASEAN+3 governments, together with the Asian Development Bank (ADB). The facility is part of the Asian Bond Markets Initiative (ABMI) and was created to promote economic development, stability and resilience of financial markets in the region.

The Credit Guarantee & Investment Facility (CGIF) was established in November 2010 by the ASEAN+3 governments, together with the Asian Development Bank (ADB). The facility is part of the Asian Bond Markets Initiative (ABMI) and was created to reduce the “double mismatch” on currency and tenor of the capital market following the aftermaths of the Asian Financial Crisis in the late 1990’s.

Credit Guarantee and Investment Facility, a trust fund of the Asian Development Bank (CGIF) has received on 20 August 2020 US$ 23,800,000 from the Republic of Korea as payment for subscription of new shares under the capital increase proposal (CIP) approved by CGIF’s Contributors on 6 December 2017.

The data used in this report are based on the available information from Bloomberg. Other data sources on corporate bonds include Philippine Dealing and Exchange Corporation (PDEx), in which its data were as of 27 December 2019. In terms of industries, the classification of the Philippine Stock Exchange (PSE) was used.