CABEI raises ₫393B in first Vietnamese Dong note issuance
What's the deal? The Central American Bank for Economic Integration (CABEI) issued ₫393 billion (about $14.9 million) of 7.25% notes due 2030. Law firm Paul Hastings advised CABEI on the deal, which was announced in July 2026.
The details: The bonds were sold under CABEI's Medium Term Note program. They are denominated in Vietnamese Dong but payable in US dollars, giving investors currency exposure without settlement in the local currency.
Why now? This is CABEI's inaugural issuance in Vietnamese Dong, extending its Medium Term Note program into a new currency market. The notes carry a fixed 7.25% coupon and mature in 2030.
Who's involved? Securities and Capital Markets partner Grissel Mercado and of counsel Maria Larsen led the Paul Hastings team, alongside associates Monaliza da Silva and Agustina Guazzaroni.
The signal: CABEI's move into Dong-denominated debt reflects how development banks are diversifying funding sources across new investor bases. Pairing a local-currency benchmark with dollar settlement lets the bank tap fresh demand while shielding buyers from currency risk.
Read more: paulhastings.com
Image credit: Generated with Gemini
