Cabei Adds Again to Taiwan Issue

Cabei has priced a TWD1.9bn ($57m) 2-year fixed rate bond in the local Taiwan market at par to yield 2.60%. The issue is the third tranche from a TWD7.0bn program, following a mid-December issue of TWD1.3bn, and a TWD1.8bn follow up Tuesday. The Central American multilateral wanted to wrap up the third piece before Chinese New Year, a Cabei official says, and a fourth is likely in February. The lender rated A2/A minus is also planning 2 issues in other countries for January or February. HSBC is sole bookrunner on the TWD issuance.