On 24 November 2025, CGIF issued its first guarantee for a sukuk in Malaysia. The landmark transaction attracted strong investor demand, being oversubscribed five times. It also highlighted CGIF’s efforts to strengthen the Islamic capital markets in the ASEAN+3 region and diversify credit enhancement support.

The proceeds from the issuance will be used to finance digital infrastructure development in Vietnam. This transaction demonstrates CGIF’s commitment to broader regional development agenda alongside capital market development in the ASEAN+3 region.

We’re excited to share a major step forward in inclusive finance across ASEAN+3. CGIF is proud to support the first publicly offered social bond by a non-bank financial institution in Singapore dollar, issued by Thailand’s Muangthai Capital.

Manila, 25 June 2025 – The Credit Guarantee and Investment Facility, a trust fund of the Asian Development Bank (“CGIF”) is pleased to announce its support for the guaranteed bond and sukuk of PT Global Mediacom Tbk (“BMTR”) totaling IDR 1.4 trillion (~USD 85.4 million), issued on 25 June 2025. Listed in Indonesia Stock Exchange (IDX) today, the public offering split intoIDR 850 billion in conventional bond (“Bond”) and IDR 550 billion in sukuk (“Sukuk”) marks CGIF’s largest single IDR issuance to date. This milestone sets a strong precedent to CGIF’s commitment to be a catalyst for broader market access—empowering more Indonesian issuers to tap local currency financing.

A milestone in Indonesia’s local currency bond market has been reached with the successful completion of HRTA’s IDR 1.0 trillion bond issuance under CGIF’s maiden IDR bond program. Oversubscription, competitive pricing, and demand for longer tenors indicate that investors are becoming more confident in CGIF-backed issuances – a positive indicator for the offering. This initiative emphasizes the vital role of credit enhancement in strengthening sustainable capital markets across ASEAN and diversifies HRTA’s funding base. Watch the video to see how this landmark issuance is helping shape the future of Indonesia’s bond markets.

Manila, 11 April 2025 – The Credit Guarantee and Investment Facility (“CGIF”), a trust fund of the Asian Development Bank (“ADB”), has successfully guaranteed Cambodia’s first-ever project bond, issued by SchneiTec Dynamic Co., Ltd. (“SchneiTec”). This landmark KHR 196.64billion (~USD 49.16 million) issuance features a 15-year tenor, making it the longest-tenor bond transaction in Cambodia to date.

Dive into everything you need to know about the Credit Guarantee and Investment Facility (CGIF) and discover how issuers benefit from guaranteed bonds. From enhanced credit quality, lower borrowing costs, and expanded investor reach, see why leading issuers across ASEAN+3 choose CGIF to support their bond market journeys.

CGIF’s latest bond guarantee isn’t just a financial milestone — it’s a step toward empowering Cambodia’s youth through better access to quality education. Watch how CGIF’s support of CIA FIRST International School’s KHR 41B bond is helping shape a stronger, more inclusive education sector. With nearly half of Cambodia’s population under 25, the demand for quality education has never been greater. This is more than a bond — it’s an investment in the future.