CGDB - does not start after installation: setup highlighting group issue

Hi,

I've just installed CGDB and it is not able to start due to a 'setup highlighting groups' issue. I am in Msys2.32 bit. No particular settings are made to the environment.
I have tried also to do an autorebase and the result is the same.

$ pacman -S cgdb
resolving dependencies...
looking for conflicting packages...

Packages (2) gdb-7.9-1 cgdb-0.6.8-1

Total Download Size: 3.48 MiB
Total Installed Size: 7.87 MiB

:: Proceed with installation? [Y/n]
:: Retrieving packages ...
gdb-7.9-1-i686 3.4 MiB 1110K/s 00:03 [#################################################] 100%
cgdb-0.6.8-1-i686 108.7 KiB 533K/s 00:00 [#################################################] 100%
(2/2) checking keys in keyring [#################################################] 100%
(2/2) checking package integrity [#################################################] 100%
(2/2) loading package files [#################################################] 100%
(2/2) checking for file conflicts [#################################################] 100%
(2/2) checking available disk space [#################################################] 100%
(1/2) installing gdb [#################################################] 100%
(2/2) installing cgdb [#################################################] 100%

$ cgdb

CGDB had unexpected results, see C:\msys32\home\myusername\.tgdb\tgdb_log.txt for details.

cat "C:\msys32\home\myusername\.tgdb\tgdb_log.txt"
highlight_groups.c:437 setup group.
cgdb.c:1807 Unable to setup highlighting groups

in .tgdb folder following extra files are created:

a2_gdb_init:
set annotate 2
set height 0

empty file a2_tgdb_debug.txt

in .cgdb folder:

empty file readline_history.txt

Is there any particular setting to be made before use CGDB?

Thank you,
Cristian