The 5.000% senior notes are due 2026

Davis Polk advised the initial purchasers in connection with a Rule 144A / Regulation S offering of $1.25 billion aggregate principal amount of 5.000% senior notes due 2026 issued by the Central American Bank for Economic Integration (CABEI).

CABEI is a multilateral development financial institution composed of 15 countries. It was established in 1960 by Guatemala, El Salvador, Honduras, Nicaragua and Costa Rica as founding members and later joined by Panama, the Dominican Republic and Belize as non-founding regional members, and Mexico, Colombia, Argentina, the Republic of China (Taiwan), Spain, Cuba and the Republic of Korea as non-regional members. CABEI has developed a social bond framework under which it issues social bonds and will use the proceeds to finance/refinance, in whole or in part, existing and future projects that are intended to deliver positive social outcomes.

The Davis Polk capital markets team included partner Maurice Blanco, counsel Konstantinos Papadopoulos and associate Alexandre Diniz. The tax team included senior counsel Po Sit and associate Charles Collier. Counsel Will Schisa provided sanctions advice. Members of the Davis Polk team are based in the São Paulo, New York and Washington DC offices.

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