• CGIF broke its own record in guarantee transactions, as it was able to close 15 deals.
• CGIF continues to expand to other industries, as marked by its guarantees to bonds issued by data center operator PowerDC Holdco, shipping company Precious Shipping PCL, engineering & construction company Daewoo E&C, healthcare companies Singapore Medical Group and Thonburi Healthcare Group, and REITs such as Hektar Real Estate Investment Trust and Sabana Industrial Real Estate Investment Trust.
• CGIF grew as an organization with 75 staff from diverse cultures and backgrounds.
• CGIF intensified its marketing activities in ASEAN+3 through over 25 bond market and related events and established social media presence.
• Increase in capitalization approved by the MOC to USD1.1580 billion as of June 2024.

• CGIF successfully closed 13 guarantee transactions, which was the highest since its inception.
• CGIF continues to support fund raising activities of educational institutions in the bond market, such as those of CEG, HEG, INTI and CIA First.
• SNC, a company specializing in manufacturing air conditioner parts and household appliances.
• Apeiron, a global player in bioenergy products.
• Erajaya, leading player in terms of network of distribution centers, retail outlets, and third-party billing outlets.
• Erajaya, leading player in terms of network of distribution centers, retail outlets, and third-party billing outlets.
• YSH2, a leading Myanmar-focused business corporate with a diversified business portfolio.
• ADCP, the first and largest mass transportation-based property developer.
• Phenikaa, the third largest global supplier of engineered stone countertops.
• Tecomen, a leading water purifier company in Viet Nam.
• Telcotech, a leading digital communication company and internet service provider in Cambodia.

• CGIF supported three bond issuances of companies from petrochemical industry (Polytama), education sector (CEG), and healthcare sector (First REIT) in ASEAN.
• CGIF welcomed its new CEO, Mr. Hongwei Wang.

• CGIF pursued product diversification through guaranteeing sukuk issuances along with the conventional bonds of PT Polytama Propindo of Indonesia.
• CGIF tapped into the offshore renminbi market through its guarantee support to the bonds of Hanwha Solutions Corporation.
• Triasmitra, the leading submarine and inland network infrastructure provider in Indonesia and engaged in fiber optic cable system development, deployment, sales, and maintenance.
• JWD, a leading logistics service provider in three industry sub-sectors namely automotive & parts, chemicals & dangerous goods, and food & cold chain.
• Telcotech, a leading digital communication company and internet service provider in Cambodia.
• HQCL, one of the main solar photovoltaic (PV) manufacturing facilities of Hanwha Q Cells, which is one of the world’s largest and most recognized solar PV manufacturers in the world known for its high-performance, high-quality solar cells and modules.
• TFG, a vertically-integrated food producer specializing in the production of chicken and swine with operations in Thailand and Viet Nam.

10th year anniversary

• CGIF successfully entered Cambodia, a frontier corporate bond market in ASEAN, through its guarantee support to RMA (Cambodia) PLC and PRASAC Microfinance Institution PLC.
• CGIF supported its first guarantee to a yen-denominated bond issuance from GLP Pte. Ltd.
• TFG, a vertically-integrated food producer specializing in the production of chicken and swine with operations in Thailand and Viet Nam.
• EA, the largest renewable energy company in Thailand by installed capacity, via a risk-participation agreement with ADB, a regional development bank in Asia.

• CGIF welcomed bond issuances of Nexus International School (Singapore) with 12 years of tenor and of HP1 Energy JSC with 15 years of tenor – both being the longest bonds with CGIF guarantee.
• Yoma Strategic, a leading Myanmar-focused business corporation with a diversified business portfolio.
• REE, a diversified business group in Viet Nam operating in M&E engineering services, air- conditioner manufacturing, real estate, and power and water utility.
• CJLA, a Singaporean subsidiary of a leading logistics company in Korea with strong regional operations in ASEAN.

Issued by:

• ASA, a leading microfinance organization in the Philippines
• Siam Gas, a leading trader of LPG in Thailand
• PAN Group, a fast-growing food and agriculture company in Viet Nam
• Hoan My, the largest private healthcare provider in Viet Nam
• AEON PH, a leading consumer credit provider in the Philippines
• Boonthavorn, a leading large-scale home decorating retailer company in Thailand

CGIF’s paid-in capital was increased to $859.2 million as of 31 December after receiving payment for subscription of new shares from Japan, Singapore, Philippines, and Cambodia

Mr. Yuchuan Feng became the new Chair of the BOD

To the bonds issued by:

• ASA, a leading microfinance organization in the Philippines
• Mobile World, one of the leading retail groups in Viet Nam

Capital Increase Approval- • The authorized capital of CGIF was increased to $1.2 billion, as approved by Super Majority of the existing Contributors

• Vin group, Viet Nam’s largest real estate company
• MPMF, a multi-finance company in Indonesia
• APRI, a geothermal power company in the Philippines
• Fullerton, a provider of corporate healthcare solutions across Asia Pacific
• KNM, a Malaysia-based leading global manufacturer of process equipment and processing units

First Reinsurance Treaty was signed with a panel of world leading private reinsurer. The treaty has since been renewed annually to cover all guarantees issued until 2020

Construction Period Guarantee (CPG) was launched to mitigate construction risks of greenfield infrastructure projects.

• Guaranteed the SGD 10-year bonds issued by IVL, a global leader in polyester
• Mr. Jian Li became the new chairman of the board

• BCAF, an auto finance company in Indonesia
• Kolao, an automobile and motorcycle distributor in Lao PDR
• Protelindo, the largest independent owner and operator of towers for wireless operators in Indonesia
• Masan, one of Viet Nam’s largest private sector companies
• ASF, a leading auto finance company in Indonesia

CGIF successfully guaranteed its first and second bonds:

• Noble, an HK-based commodities supply chain manager
• BCAF, an auto finance company in Indonesia

Mr. Liu Lange became the new Chair of the BOD

The scaling-up proposal and the amendments to the Articles of Agreement and the Operating Procedures were approved in the Meeting of Contributors (MOC)

• Mr. Xinqiang Zhu was elected as the first Chairperson of the BOD
• CGIF’s initial capital of $700 million was fully paid-in
• Guarantee operations commenced in May

• CGIF issued its first guarantee offer
• Mr. Philip Erquiaga was elected as interim Chair of the board
• Mr. Kiyoshi Nishimura joined as the Chief Executive Officer
• Development of Business Plan and Risk Management Framework began
• Institutional infrastructure was set
• Staff recruitment commenced
• Office was initially opened

CGIF was established 12 November

Mr. Iwan Azis acted as the interim Chair of the BOD