According to ADB statement received here, the CGIF
was established in April 2010 with an initial capital of $700 million, including a $130 million capital contribution from ADB.
, which utilizes guarantees and credit enhancements, can help as it provides greater confidence for local and foreign investors as well as encouraging more companies to tap bond markets, thereby spurring their development.' ADB's additional capital contribution will support regional cooperation within ASEAN+3 and promote financial resilience by allowing corporations and infrastructure projects to gain access to local currency and regional bond markets.
The CA noted Roldan's manifestation that his unit, the CGIF
, was tasked to supervise the conduct of intelligence operations in the WPS and that the Department of Foreign Affairs (DFA) had acknowledged PCG's efforts and its contributions to the filing of a case against
"It was not disputed that the West Philippine Sea crisis during the period 2013 to 2015 was indeed a major security issue that it was during that time that the CGIF
was tasked to conduct 24/7 monitoring, surveillance, intelligence gathering, and other significant intelligence operations at West Philippine Sea and that the CGIF
was required to maintain a high degree of operational readiness wherein immediate action was necessary in order to avoid delay or disruption in its operations," read the ruling penned by Associate Justice Apolinario Bruselas Jr.
, a trust fund of the Asian Development Bank, commenced its guarantee operations in May 2012 and seeks to provide credit enhancements, mainly in local currencies, issued by credit-worthy Asean+3-domiciled bond issuers.
Fitch believes CGIF
's credit profile is stronger than Indonesia's Long-Term Local-Currency Issuer Default Rating of 'BBB', which supports the assignment of a 'AAA(idn)' IFS Rating on the national scale.
Agreed on in May 2008 and launched in November 2010, the CGIF
was created to boost long-term investment in ASEAN+3 by providing guarantees on corporate local currency-denominated bonds.
Established in November 2010 as a trust fund of Asian Development Bank (ADB), CGIF
provides guarantees mainly on local currency bonds issued by creditworthy corporations domiciled in thirteen member countries of ASEAN+3 (Association of Southeast Asian Nations + China, Japan and Korea).
Other newly created bodies, such as ABMI and CGIF
, play a supportive role.
also permits concepts to be nested inside the relation nodes.
In a statement, ADB said the bond is also the first in the Philippines guaranteed by the Credit Guarantee and Investment Facility (CGIF