Credit Guarantee and Investment Facility (CGIF) has received on 28 March 2018, US$9 million from the Government of the Republic of Singapore as payment for subscription of new shares offered to Singapore under the capital increase proposal (CIP) approved by CGIF’s Contributors on 6 December 2017.

The Credit Guarantee and Investment Facility (“CGIF”) is pleased to announce its first support to a Thai corporate issuing bonds in the Thai Baht bond market. CGIF’s 85% guarantee helped SGP reach conservative institutional investors as a means of raising long term funds at fixed rates via the bond market.

Credit Guarantee and Investment Facility (CGIF) has received on 16th January 2018, US$142.8 million from Japan Bank for International Cooperation (JBIC) as payment for subscription of new shares offered to JBIC under the capital increase proposal (CIP) approved by CGIF’s Contributors on 6 December 2017.

Credit Guarantee and Investment Facility (CGIF) has received on 22nd December 2017, US$3 million from the government of the Philippines as the first installment payment out of their three installments for subscription of new shares offered to the Philippines under the capital increase proposal (CIP) approved by CGIF’s Contributors on 6 December 2017.

The Special Meeting of Contributors of Credit Guarantee and Investment Facility (“CGIF”), a trust fund of Asian Development Bank, agreed on 6 December 2017 to increase CGIF’s capital base from $ 700 million to $ 1.2 billion, thus enhancing CGIF’s ability to support development of local currency bond markets in ASEAN countries and help corporates and project in the region to tap these new funding sources.