Credit Guarantee and Investment Facility

The Credit Guarantee and Investment Facility (“CGIF”), a trust fund of the Asian Development Bank (“ADB”) has guaranteed BIWASE- Long An Water Joint Stock Company’s (“BIWASE Long An” or “Issuer”) debut bond issuance, a ten-year VND700 billion 5.50% fixed-rate amortizing bond ("Bond"). The Issuer is a subsidiary of Binh Duong Water Environment Corporation (“BIWASE”), the third largest clean water supply company in Vietnam by capacity, generating approximately 822,000 cubic meters (“cbm”) per day. The proceeds of the Bond will finance the Issuer’s growth plans to increase its capacity by up to an additional 60,000 cbm per day at its existing water treatment plant in Long An. Maybank Securities Limited (Vietnam) (“Maybank”) was Sole Arranger, while FiinRatings was the local credit rating agency for the Bond. Maybank Investment Banking Group FiinRatings - Vietnam Credit Rating Agency Read more about the issuance here: https://lnkd.in/g5uwCgRe

The Credit Guarantee and Investment Facility (“CGIF”), a trust fund of the Asian Development Bank (“ADB”), has guaranteed Singapore Medical Group’s (“SMG”) five-year SGD90.0 million bond issuance (“the Bonds”).   A first time issuer, SMG is a private specialist healthcare provider with a regional presence and a subsidiary of South Korea’s CHA Medical Group, a leading provider of in vitro fertilization (“IVF”) treatment globally. CHA Bio Group｜차바이오그룹 Read more about the issuance here: https://lnkd.in/gJFdH3BV

Credit Guarantee and Investment Facility, together with Asian Development Bank (ADB), UNDP, and Indonesia Financial Services Authority (OJK), co-organized the GSS+ Bonds/ Sukuk Accelerator Program for Indonesia and Municipal Bonds and Sukuk for Sustainable City Development in Indonesia last December 5 and 6, respectively, where Mr. Boniarga Mangiring, Investment Specialist, was a panelist. The session on December 5 explored how the Accelerator Program can support issuers and underwriters in launching green and sustainable bonds and sukuks while the session on December 6 deepened knowledge on municipal bonds/sukuks and their role in financing sustainable infrastructure and smart cities.

The Credit Guarantee and Investment Facility (“CGIF”), a trust fund of the Asian Development Bank (“ADB”), has guaranteed PowerDC Holdco Pte. Ltd.’s ("PowerDC") three-year HKD300,000,000 4.800 percent Senior Unsecured Guaranteed Bonds due 2027 (“the Bonds”).   This is CGIF’s first guarantee for an HKD-denominated bond. It is the second of two tranches issued by PowerDC to partly refinance term debt and diversify funding and investor base.   PowerDC is a member company of Vantage Data Centers, a leading global owner, developer and operator of hyperscale data center campuses. Read more about the issuance here: https://lnkd.in/gB7VFfTX

The Credit Guarantee and Investment Facility (“CGIF”), a trust fund of the Asian Development Bank (“ADB”), has guaranteed the three- and five-year bonds amounting to IDR 300 billion in aggregate issued by first-time bond issuer PT Sarana Mitra Luas Tbk (“SMIL”). The proceeds will be used for the purchase of electric forklifts, batteries, and chargers and refinancing of existing forklift leases. This issuance marks CGIF's first time support for a forklift rental enterprise in Indonesia.    SMIL is engaged in forklift rental and material handling solutions, including forklift rentals with or without operators, and output-based rentals. SMIL offers a range of equipment, such as diesel and electric forklifts, reach trucks, and loaders, catering to industries such as manufacturing, steel, automotive, food, and logistics. With over 4,000 forklifts and 1,000 employees, SMIL is Indonesia's market leader in heavy equipment rental. Read more about the issuance here: https://lnkd.in/g2utJ84c

The Credit Guarantee and Investment Facility (“CGIF”), a trust fund of the Asian Development Bank (“ADB”), has guaranteed the three- and five-year bonds amounting to IDR 300 billion in aggregate issued by first-time bond issuer PT Sarana Mitra Luas Tbk (“SMIL”). The proceeds will be used for the purchase of electric forklifts, batteries, and chargers and refinancing of existing forklift leases. This issuance marks CGIF's first time support for a forklift rental enterprise in Indonesia.    SMIL is engaged in forklift rental and material handling solutions, including forklift rentals with or without operators, and output-based rentals. SMIL offers a range of equipment, such as diesel and electric forklifts, reach trucks, and loaders, catering to industries such as manufacturing, steel, automotive, food, and logistics. With over 4,000 forklifts and 1,000 employees, SMIL is Indonesia's market leader in heavy equipment rental. Read more about the issuance here: https://lnkd.in/g2utJ84c

On December 3rd, 2024, Credit Guarantee and Investment Facility hosted its inaugural Appreciation Night at The Ritz-Carlton Jakarta, Pacific Place, a milestone event that celebrated 14 years of collaboration and achievements with our Indonesian partners. Distinguished guests, including Ms. Kazuko Sakuma (Chairperson of CGIF), Ibu Yogi Rahmayanti (Director of Center for Regional and Bilateral Policy - Ministry of Finance, Indonesia), and Pak Handy Yunianto (Head of Fixed Income Research - Mandiri Sekuritas), graced the occasion. The event was opened by Mr. Hongwei Wang (Chief Executive Officer of CGIF) and closed by Mr. Mitsuhiro Yamawaki (Deputy Chief Executive Officer / Chief Risk Officer of CGIF). Special awards were presented to issuers and market players in recognition of their pivotal role in supporting the growth of Indonesia and the broader ASEAN+3 local currency bond markets.   Thank you to all our partners for making this journey possible. Together, we will continue shaping the future of the region’s bond markets. #CGIFAppreciationNight #Indonesia #SustainableFinance #ASEANplus3 #Partnerships #EconomicGrowth

The Credit Guarantee and Investment Facility ("CGIF"), a trust fund of the Asian Development Bank ("ADB") has guaranteed PT Hartadinata Abadi Tbk.'s ("HRTA") bond, issued last November 26, 2024 in Indonesia. The issuance consists of two tranches: 3-year tenor of IDR 59.5 billion and 5-year tenor totaling IDR 840.5 billion, for a combined amount of IDR 900.0 billion. Hartadinata Abadi is one of Indonesia's leading gold manufacturers and traders, and the only publicly listed gold jewelry company in the country. With vertically integrated operations spanning refining, manufacturing, retail, and export, HRTA continues to exemplify its commitment to innovation, market leadership, and sustainable growth. Read more about the issuance here: https://lnkd.in/g4Jyw79A

Credit Guarantee and Investment Facility was a co-sponsor at the The Asset Asia Bond Markets Summit in Singapore last November 7. Now on its 19th year, the Summit brings together issuers, investors, together with their intermediaries to share insights on Navigating headwinds and tailwinds, which is the theme for this year’s annual gathering.    Mr. Hongwei Wang, Chief Executive Officer of CGIF, delivered the keynote on the rise and and outlook of ASEAN bond markets.

Credit Guarantee and Investment Facility (“CGIF”), a trust fund of the Asian Development Bank (“ADB”) has guaranteed PowerDC HoldCo Pte. Ltd.’s (“PowerDC”) five-year SGD100,000,000 3.625 percent Senior Unsecured Guaranteed Bonds due 2029 (“the Bonds”). PowerDC is a member company of Vantage Data Centers, a leading global owner, developer and operator of hyperscale data center campuses. The proceeds of the Bonds will be used to partly refinance PowerDC’s term loan, diversify its funding and investor base, and provide tenor extension via long-term fixed rate institutional funds. Read more about the issuance here: https://lnkd.in/g5m_pDiX