Press Releases


September 13, 2023

IFR Asia: Local Currency Debt Financing Roundtable

The IFR Asia Local Currency Debt Financing Roundtable will take place in London Stock Exchange Group, One Raffles Quay #28-01 North Tower Singapore 048583 on the afternoon (14:30 SGT) of Thursday, October 26, 2023. Moderated by IFR Asia’s Editor Daniel Stanton, an expert panel will discuss how borrowers are using Asian local currency bonds to meet their financing needs, and where the value lies.

Topics to be covered will include:

  • Which local currency markets offer the most depth and breadth for issuers? What limitations are there?
  • How have the dynamics of the local currency markets impacted the overall Asian debt market?
  • How are international investors looking at local currency bond markets?
  • How are borrowers using ESG labels and new structures, such as retail bond sales, to attract investors?
  • How have regulators and governments encouraged the development of their local currency bond markets?

Register now: https://lseg.group/IFRAsiaLocal

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September 8, 2023

CGIF and China-ASEAN Investment Cooperation Fund sign Memorandum of Understanding

A Memorandum of Understanding between Credit Guarantee and Investment Facility (“CGIF”), a trust fund of the Asian Development Bank, and China-ASEAN Investment Cooperation Fund II GP was signed on 4 September 2023 during the China-ASEAN Summit at Jakarta, Indonesia.

This Memorandum was set out to promote and support bond financing for infrastructure development with a strong focus on green financing, sustainability and environmental, social, and governance (ESG) standards in the ASEAN+3 region.

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August 30, 2023

CGIF receives capital from Indonesia

Credit Guarantee and Investment Facility, a trust fund of the Asian Development Bank (CGIF) has received on 30 August 2023 the amount of US$9,000,000 from Indonesia as payment for subscription of new shares under the capital increase proposal (CIP) approved by CGIF’s Contributors on 6 December 2017.

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August 24, 2023

Indonesia’s Erajaya Group invests in Malaysia and Singapore with CGIF’s support

The Credit Guarantee and Investment Facility (“CGIF”), a trust fund of the Asian Development Bank (“ADB”), is pleased to announce its guarantee for Erajaya Digital Pte. Ltd.’s (“Erajaya Digital” or “Issuer”) 3-year SGD50.0 million Senior Unsecured Fixed Rate Notes (“Bond”). Erajaya Digital is a subsidiary of Indonesia-domiciled PT Erajaya Swasembada Tbk (“Group”) which conducts the Group’s businesses in Malaysia and Singapore.

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June 29, 2023

First REIT wins Social Infrastructure Deal of the Year Award in The Asset Triple A Sustainable Infrastructure Awards 2023

Credit Guarantee and Investment Facility, a trust fund of the Asian Development Bank (“CGIF”) is pleased to announce that the 5-year SGD100 million Social Bond issued on 7 April 2022 by First Real Estate Investment Trust (“First REIT”) had won the Social Infrastructure Deal of the Year Award in The Asset Triple A’s Sustainable Infrastructure Awards 2023.

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