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What We Do
CGIF provides guarantees on local currency bonds issued by companies across the ASEAN+3. These guarantees assure investors that bond payments will be made on time, even if the issuer encounters financial difficulties.
By standing behind these bonds, CGIF helps strengthen confidence in local capital markets, making it easier for companies to secure stable, long-term funding in their own currencies. This reduces over-reliance on foreign debt, supporting financial stability, and promoting sustainable growth across Asia.
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Who we support
- Issuers - Companies seeking to raise long-term funding in local currencies to support growth, expansion, or balance sheet optimization.
- Investors - investors looking for stable, high-quality investment opportunities.
- Governments, Regulators and Associations — Entities working to deepen local bond markets, strengthen financial stability, and attract private capital.
CGIF’s Guarantee
A Credit Guarantee issued by the Credit Guarantee and Investment Facility (CGIF) is an irrevocable and unconditional commitment to cover payments on local currency bonds issued by eligible companies in the ASEAN+3, in the event of non-payment by the issuer.
CGIF’s guarantees cover up to 100% of both principal and interest, providing bondholders with the highest possible level of protection and ensuring timely payment within a few business days.
With CGIF’s support, issuers can obtain stronger credit ratings, aligning with CGIF’s own international rating of AA (S&P). This is because CGIF’s guarantees are irrevocable and unconditional; they are treated as credit substitutes that transfer credit risk from the issuer to CGIF. This gives investors greater confidence and encourages broader participation while the issuer enjoys tighter pricing and access to longer term capital.
CGIF’s guarantees are issued to local currency bonds and are designed to enable companies to raise funds in their home markets while mitigating currency mismatch risks and fostering the development of deep, liquid, and resilient local bond markets.
Why Our Guarantee Matters
CGIF guarantees do more than mitigate credit risk — they build confidence and unlock capital for
sustainable growth across ASEAN+3
Stronger Market Confidence:
CGIF’s irrevocable and unconditional guarantees enhance creditworthiness and provide assurance to investors, encouraging deeper participation in local bond markets.
Financial Stability:
By promoting long-term local-currency financing, CGIF helps reduce dependence on short-term foreign-currency borrowing and mitigating associated tenor and currency mismatches.
Sustainable Standards:
CGIF supports transactions that help issuers integrate sound ESG principles into their financing.
Broader Access to Long-term Capital:
With CGIF’s credit enhancement, it enables companies to attract a broader and confident pool of long term local and regional investor.
Regional Expertise:
With a deep understanding of ASEAN+3 economies, CGIF leverages its partnerships and market insights to harmonize local standards and strengthen financial integration across the region.