Mobile World Investment Corporation (“Mobile World”), the leading retail group of diversified product categories including mobile phones and consumer electronics, has today successfully issued its inaugural VND1.135 Trillion fixed rate bonds, guaranteed by Credit Guarantee and Investment Facility (“CGIF”), a trust fund of Asian Development Bank that is rated AA internationally by S&P.

The Credit Guarantee & Investment Facility (CGIF) and Surbana Jurong Private Limited (SJ) today announced a collaboration to boost the use of local currency-denominated project bonds to finance greenfield infrastructure projects in Southeast Asia.

The Credit Guarantee & Investment Facility (CGIF) has successfully backed the issuance of a PHP1 billion (US$20 million equivalent) local currency bond issued by non-stock non-profit organization ASA Philippines Foundation, Inc. (ASA) with a 75% partial credit guarantee. This marks CGIF’s first guarantee support for a Local Currency Microfinance Bond in the region.

The Credit Guarantee and Investment Facility (“CGIF”) is pleased to announce that it has executed its inaugural reinsurance treaty, with a panel of market leading private reinsurers, led by the specialist credit reinsurance team of Munich Re.

The Credit Guarantee and Investment Facility (“CGIF”) is pleased to announce its first guarantee to a Malaysian corporate. With such, CGIF has now guaranteed bonds issued by corporates from 8 countries as it continues to perform its catalytic role in developing the ASEAN local currency bond markets.