The Central American Bank for Economic Integration (CABEI) said it plans to raise MXN5 billion ($290 million) in a two-part sale in the Mexican bond market on Friday.

Tegucigalpa-based CABEI intends to price MXN3.5 billion in four-year notes at a floating rate and MXN1.5 billion in ten-year bonds at a fixed rate, it said in a securities filing on Thursday.

CABEI said it will use the sale proceeds to finance social projects, without going into details. The notes are rated by Moody’s and mxAAA by S&P, it said.

Banorte and HSBC will act as underwriters of the deal.

CABEI previously issued MXN5 billion in social bonds in the Mexican market in June 2021 to raise funds for COVID-19 vaccines and micro-businesses in the region. Prior to that, the bank placed Mexican peso-denominated notes in 2020, 2019 and 2018.