Want to receive email alerts from CGIF? Kindly enter your name and e-mail address below to be the first to know of CGIF’s latest news, research, multimedia, career opportunities, and other updates.
Manila, 30 April 2024 – XJ International Holdings Co., Ltd. (“XJ”, formerly known as Hope Education Group Co. Ltd.), as guarantor of the US$350,000,000 Zero Coupon Guaranteed Convertible Bonds Due 2026 issued by Tequ Mayflower Limited (the “CBs”), announced on the Hong Kong Stock Exchange that CB holders have the option to require XJ to redeem all or some of the CBs on 2 March 2024 (the “Optional Redemption Date”), it had received redemption option notices in respect of US$315,100,000 in outstanding aggregate principal amount of the CBs (“Relevant CBs”), and it did not make payments for the Relevant CBs pursuant to the redemption options on the Optional Redemption Date. As a result, an event of default occurred in respect of the CBs on 2 March 2024.
View Article»The Credit Guarantee and Investment Facility, a trust fund of the Asian Development Bank (“CGIF”), proudly announces its guarantee of the SGD 150 million 5-year Senior Unsecured Bonds issued by Daewoo Engineering & Construction Co., Ltd. (“Daewoo E&C”).
View Article»Credit Guarantee and Investment Facility, a trust fund of the Asian Development Bank (“CGIF”) has guaranteed Hektar Real Estate Investment Trust’s (“Hektar REIT”) five-year MYR215.0 million Medium-Term Note (the “Guaranteed Tranche”). Hektar REIT is a Malaysian-based diversified real estate investment trust which is listed on Bursa Malaysia.
View Article»The Credit Guarantee and Investment Facility (“CGIF”), a trust fund of the Asian Development Bank (“ADB”), is delighted to announce its support to a KHR 82,080 million 5-year floating-rate guaranteed public bond (the “Bond”) issued by Telcotech Ltd. (“Telcotech”). Initially issued on December 29, 2023, the Bond has achieved a successful listing on the Cambodia Securities Exchange as of today.
View Article»Credit Guarantee and Investment Facility (“CGIF”), a trust fund of the Asian Development Bank (“ADB”) has guaranteed Tecomen Holding Joint Stock Company’s (“Tecomen” or “Issuer”) debut bond issuance, a five-year VND200 billion fixed-rate bond (“Bond”).
Vietnam-based Tecomen was founded in 2006 as producer and distributor of water purifiers. Its homegrown and self-developed water purifier brand “Karofi” was the first smart water purifier in the country, as well as the first locally produced water purifier to meet Vietnam’s Ministry of Health’s standards for direct drinking water. To date, it is Vietnam’s number one water purifier in terms of market share with the largest production facility in ASEAN.