ISSUER PATHWAY
Your First Step with CGIF
This section provides a comprehensive look at the entire process of obtaining a CGIF bond guarantee. We'll walk you through each phase, offering clarity and support as you navigate the requirements and procedures, ensuring you're well-prepared for success.
ELIGIBILITY CRITERIA
Corporate Eligibility: Who can apply?
Understanding the foundational requirements is crucial. This page details the specific criteria that both your company and the proposed bond must meet to qualify for a CGIF guarantee, ensuring alignment with our mission and risk parameters.
ASEAN+3 Origin & Developmental Focus
Your corporate entity and its principal shareholders should be from an ASEAN+3 country. Entities with non-ASEAN+3 principal shareholders may still be considered if bond proceeds are strictly used for Eligible Developmental Purposes (EDP), such as infrastructure, renewable energy, or financing operations in specific developing ASEAN+3 nations.
Acceptable Credit Profile
The corporate entity must demonstrate a strong and acceptable credit profile. This is determined through CGIF's comprehensive internal credit assessment process, ensuring financial soundness and reliability.
Adherence to Safeguards Standards
Your project or business, including its general funding purposes, must fully satisfy CGIF’s rigorous environmental and social safeguards standards. This commitment aligns with our dedication to sustainable and responsible development.
Exclusion from Prohibited Activities
The proceeds of the CGIF guaranteed bond must not be involved in any activity listed on the ADB’s Prohibited Investment Activity List (PIAL). This ensures our investments uphold ethical and compliant global standards.
APPROVAL PROCESS
Our due diligence & decision steps
Transparency is paramount. This page breaks down CGIF's thorough and rigorous approval process, from initial submission and due diligence to internal reviews and final decision-making, giving you insight into every stage.
Step 1: Preliminary Assessment
- Potential issuers submit Preliminary Information Pack
- CGIF operations team assesses eligibility
- Clearance from the Guarantee and Investment Committee to proceed
Step 2: Formal Application
- Formal application by potential issuer
- Submission of detailed information
Step 3: Due Diligence & Approval
- Due diligence by CGIF operations team
- Endorsement by the Guarantee and Investment Committee to the Board of Directors
- Approval by the Board of Directors of CGIF
GUARANTEE LIFECYCLe
Our ongoing partnership
A CGIF guarantee represents a dynamic partnership that extends beyond the initial bond issuance. This page outlines the key phases of our guarantee lifecycle, detailing how we work with you from the moment your bond is guaranteed through its entire tenor, ensuring continuous support and transparency.
1
Guarantee Issuance & Activation
Once your bond receives approval, this phase covers the formal execution of the guarantee agreement. It marks the point where CGIF's irrevocable and unconditional commitment to bondholders becomes active, providing immediate credit enhancement and market confidence for your issuance.
2
Ongoing Monitoring & Maintenance
Throughout the life of the guaranteed bond, CGIF maintains an active role. This involves regular monitoring of the issuer's financial performance and adherence to covenants, as well as periodic reporting to ensure the guarantee remains effective and risks are proactively managed.
3
Claims and Guarantee Execution
In the unlikely event of non-payment by the issuer, CGIF's guarantee mechanism is designed for swift and clear execution. This phase details the procedures for bondholders to make a claim and CGIF's process for prompt payment, upholding our unconditional commitment.
4
Maturity & Guarantee Termination
This final phase occurs upon the successful repayment of the bond by the issuer at maturity. It outlines the formal termination of CGIF's guarantee obligation, signifying the successful completion of the financing period and often reflecting the issuer's enhanced market reputation.
Company requirements
Essential information for your CGIF guarantee application
To facilitate a comprehensive and efficient assessment, CGIF requires specific documentation and information from companies applying for a bond guarantee. This page outlines the key details and records you'll need to prepare, ensuring a smooth and timely review of your application.
Corporate & Legal Documentation
This section covers the fundamental legal and structural information about your company, essential for verifying your entity and its operational framework.
- Certificate of Incorporation / Business Registration
- Articles of Association / By-laws
- Latest Shareholding Structure (including ultimate beneficial owners)
- Board of Directors and Key Management Team profiles (CVs)
- Corporate Governance Policies (if available)
- Company Profile / Brochure
Financial Information
A thorough understanding of your financial performance and position is critical for our credit assessment. Please provide comprehensive financial statements and related data.
- Audited Financial Statements for the last 3-5 fiscal years (Income Statement, Balance Sheet, Cash Flow Statement)
- Latest Interim Financial Statements (if applicable)
- Financial Projections for the bond tenor (including assumptions)
- Details of Existing Debt Facilities (terms, lenders, outstanding amounts)
- Credit Ratings (if any, from external agencies)
- Tax Clearance Certificates
Operational & Business Overview
Provide us with a clear picture of your business activities, market position, and operational capabilities, which helps us understand your industry context and competitive landscape.
- Business Plan / Strategic Plan
- Industry Analysis and Market Position
- Key Operational Data (e.g., production capacity, sales volumes, service delivery metrics)
- Major Contracts and Agreements (e.g., supply, off-take, key client contracts)
- Organizational Chart
- Information on Key Assets and Liabilities
Bond Issuance Specifics & Use of Proceeds
This section focuses on the specifics of the bond you intend to issue and how the proceeds will be utilized, directly linking to our eligibility criteria.
- Proposed Bond Structure and Terms (tenor, currency, interest payment frequency)
- Detailed Use of Proceeds (how the funds will be deployed)
- Feasibility Study / Project Plan (if for a specific project)
- Environmental and Social Impact Assessment (ESIA) or equivalent documentation (if applicable, especially for projects)
- Confirmation of compliance with ADB's Prohibited Investment Activities List (PIAL)