CARIBBEAN-CDB raises millions on the Swiss market.
BRIDGETOWN, Barbados, CMC – The Barbados-based Caribbean Development Bank (CDB) Wednesday said it has successfully raised Swiss Franc CHF100 million (One CHF=US$1.25) through a five-year bond paying 0.59 per cent fixed interest in the Swiss market. The CDB, rated Aa1/AA+/AA+, said this marks its first issuance under the newly established Sustainable Finance Framework (SFF). It […] The post CARIBBEAN-CDB raises millions on the Swiss market. appeared first on Caribbean Times.
Black News 
BRIDGETOWN, Barbados, CMC – The Barbados-based Caribbean Development Bank (CDB) Wednesday said it has successfully raised Swiss Franc CHF100 million (One CHF=US$1.25) through a five-year bond paying 0.59 per cent fixed interest in the Swiss market.
The CDB, rated Aa1/AA+/AA+, said this marks its first issuance under the newly established Sustainable Finance Framework (SFF).
It said that the transaction demonstrated strong investor confidence, closing just 90 minutes after opening.
“Robust demand allowed CDB to price at the top of the initial range, reflecting strong appetite for the Bank’s credit and its sustainable development mandate. The investor base was led by Treasuries at 62 per cent, followed by Asset Managers (17 per cent), Private Banks (11 per cent), and Pension Plans and Insurance Companies (five per cent each).”
The CDB said that the SFF is enabling it to raise funds exclusively for projects that foster climate resilience, environmental sustainability, and promote inclusive economic and social development across the Caribbean.
The Framework is fully aligned with the International Capital Market Association’s Principles, including the Green Bond Principles, Social Bond Principles, Sustainability Bond Guidelines, and Sustainability-Linked Bond Principles.
The CDB said that proceeds from bonds issued under the SFF will be allocated to eligible projects within CDB’s borrowing member countries (BMC), targeting areas such as climate change adaptation, renewable energy, energy efficiency, sustainable water and wastewater management, education, food security, and support for micro, small, and medium-sized enterprises.
“The inaugural sustainable bond strengthens CDB’s yield curve and demonstrates the Bank’s financial resilience while underscoring its commitment to embedding sustainability across its operations,” the CDB added.
The post CARIBBEAN-CDB raises millions on the Swiss market. appeared first on Caribbean Times.
