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La Unidad de Negocios de CMI Energía se dedica al desarrollo, diseño, ejecución, operación y comercialización de proyectos de generación de energía eléctrica, con recursos renovables en la región centroamericana.

Corporación Multi Inversiones -CMI-, successfully issued green bonds for US$700 millions


21 October, 2021

  • CMI Energía, part of CMI, a Latin-American family corporation, placed the largest green bond of a renewable energy company in Central America and the Caribbean.
  • Qualified institutional investors (“QIB’s Qualified Institutional Buyers”) highlighted their confidence in renewable energy projects, and in CMI as a key player in the Central American and Caribbean markets.
  • Investors expressed their confidence in CMI and the region by making offers that were nearly five (5) times the size of the issue. Investor offerings were global: United States (56%), Europe (29.4%), Asia (2.3%) and Latin America (12.3%)

New York, April 27, 2021. CMI Energía, part of CMI Capital group of Corporación Multi-Inversiones, (i) issued US$700 million of green bonds at an interest rate of 6.250% and expiring in 2029, and (ii) closed a syndicated loan of US$300 million to refinance all of its project finance indebtedness.  The successful transaction was executed in the framework of CMI's 100th anniversary.


This is the largest green bond placement by a renewable energy company in Central America and the Caribbean to date, and represents the entry of CMI Energía into the international capital markets with the largest and most diversified private, one-hundred percent renewable energy portfolio in Central America and the Caribbean.


Investors expressed their confidence in CMI and the region by making offers that were nearly five (5) times the size of the issue. The geographic diversification of investors stands out, with offers from investors from the United States (56%), Europe (29.4%), Asia (2.3%) and Latin America (12.3%); many of which have a focus on ESG (environmental, social and governance) criteria, which in recent years has become the benchmark for socially responsible investments.


“We are very proud to be the region’s leading private, renewable energy company. Our purpose is to generate impact investments that drive sustainable development.


Through the placement of green bonds, we seek to optimize the capital structure and operation of our company, with continuous growth and a positive impact for the communities in the jurisdictions where which we operate”, explained Enrique Crespo, CEO of CMI Capital. 


Rothschild & Co and Clifford Chance acted as financial advisor and legal advisor to CMI, respectively, on the transaction. The green bonds were rated Ba3 by Moody’s, BB- by Fitch Ratings and BB- by Standard & Poor’s (S&P); which represents an improvement over the previous ratings.


Placing green bonds implies the issuer’s commitment to carry out sustainable investments. In this regard, the action is aligned with the objectives of CMI Energía contributing to reduce GHG emissions (greenhouse gases), and the decarbonization and diversification of the regional energy network in the countries where it operates. In this way, CMI Energía consolidates its investments in the region, under a solid vision for a sustainable future.


The 4 eligible categories, covered under green bonds, which have been aligned to specific SDGs, are:  

  • Renewable energy: Renewable Energy and Climate Action
  • Energy efficiency: Renewable Energy and Climate Action
  • Green buildings: Innovation and infrastructure, and sustainable cities and communities
  • Clean Transport: Sustainable cities and communities


On the importance of this issuance for CMI, Mr. Crespo explained: “In the framework of CMI’s 100-year trayectory, CMI Energía has successfully entered the bond markets for the first time, consolidating our strengths as a Latin-American family group of business excellence and constant growth, with knowledge and experience in business operations in the region”.


CMI Energía ratifies its commitment to continue working in every geography where it operates, as it has done for more than 25 years, with the highest quality standards, respect for human rights and a strong commitment to the care, protection and conservation of the environment.


The green bonds and guarantees thereof have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the "Securities Act") or any state securities laws, and they may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements of the Securities Act.


About Corporación Multi Inversiones -CMI-: Corporación Multi Inversiones is a Latin-American family company that generates investment and employment in the region, made up of more than 40 thousand employees operating in more than 15 countries, particularly in Central America and the Caribbean. Through its Business Groups: Capital and Food, it creates a sustainable impact in the communities where it operates, offering excellence and quality in its products and services, consolidating itself as one of the most important business groups in Latin America. For more information:


About CMI Energía: CMI Energía, is a business division of CMI Capital, which stands out as the largest private renewable energy platform in the region, with a highly diversified portfolio across technologies and geographies, the operating capabilities and track record, and a high and continued commitment to sustainability. With its operation of hydraulic power plants in Guatemala, solar energy plants in El Salvador, Honduras and the Dominican Republic, and wind power plants in Honduras, Nicaragua, and Costa Rica, it exceeds 800 MW of installed capacity. For more information:


Limitation of Liabilities This release includes forward-looking statements. These forward-looking statements involve risks, uncertainties, and assumptions. CMI assumes no obligation to update or correct the information contained in this press release.



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