Crédit Agricole CIB supports CABEI on its landmark USD 2bn Social Bond issuance

This transaction represents the largest bond issuance in CABEI’s history and the largest Social / Sustainability bond ever issued by a Latin American-headquartered Multilateral Development Bank, marking a significant milestone for the regional MDB and the global social bond market.

The bond priced at SOFR Mid-Swap +49 basis points, the tightest USD benchmark spread achieved by CABEI to date, and was issued inside both CABEI’s and peers’ secondary curves, effectively repricing the regional MDB curve.

Despite an aggressive tightening throughout execution, investor demand remained strong, underscoring the depth and resilience of appetite for high-quality social issuance.

The transaction attracted the highest-quality orderbook in CABEI’s history, with demand from Central Banks, Official Institutions and Tier I asset managers representing a substantial share of the book. The issuance also brought 35 new investors to the credit, including several new Central Banks and Official Institutions.

Crédit Agricole CIB is honored to have supported CABEI since its inaugural Green Bond in 2019, fostering a strong and long-term partnership in sustainable finance. Proceeds from the transaction will be allocated to eligible social projects in line with CABEI’s Sustainable Bond Framework.

This landmark issuance further demonstrates CABEI’s leadership in social finance and CACIB’s continued commitment to supporting multilateral development banks in accessing global capital markets through innovative and impactful sustainable finance solutions.