CAF places bonds for ¥12 billion
The launch of these bonds in London today has special importance because it is the first Latin American issue after the Mexican crisis, said CAF President & CEO Enrique García. "It contributes to reestablishing the confidence of capital markets in the countries of Latin America, over and above short-term situations."
At the end of last year, three international risk-rating agencies - Standard & Poor's, Moody’s and IBCA - confirmed the investment-grade rating granted previously to CAF, which reaffirmed the institution as the most successful Latin American issuer. Since April 1993, date of the first issue on the market, CAF has placed US$820 million in instruments on the most world’s most demanding capital markets, such as the Samurai of Japan, the Dragon of Southeast Asia, and the US commercial paper market (USCP).
CAF - financial institution formed by Bolivia, Colombia, Ecuador, Peru and Venezuela -ended the last operating year with a record figure of US$2.16 billion in approvals of operations. With assets over US$2.25 billion, CAF also has Mexico, Chile, Trinidad and Tobago and 22 private banks from the Andean region among its shareholders.
The funds generated by the CAF bonds will be used to finance productive activities in the Andean region, which, with the annual contributions of member countries and the lines of credit from other multilateral organizations, constitute the financial working basis of the Corporation.
This bond issue in euro-yen, with a 3 1/2 year term, was led by Nikko Europe plc.
CAF's more recent content
![CAF, JICA and Sicredi join forces to support women and rural producer CAF, JICA and Sicredi join forces to support women and rural producer](/media/4669796/foto_sicredi_divulgação_310724.jpg)
CAF, JICA and Sicredi join forces to support women and rural producer
The amount represents the largest international facility ever undertaken by Sicredi, with the involvement of four internationally renowned entities: Banco Finantia, BNP Paribas, Eco.business Fund, and Sumitomo Mitsui Banking Corporation (SMBC). The funds raised can also be used in regions with a Human Development Index below the national average.![CAF-FAO: Digitization project for agribusiness with repository launch CAF-FAO: Digitization project for agribusiness with repository launch](/media/4669830/caf-fao.png)
CAF-FAO: Digitization project for agribusiness with repository launch
The Food and Agriculture Organization of the United Nations (FAO), CAF -development bank of Latin America and the Caribbean-, the Ministry of Agriculture, Land and Fisheries and the Tobago House of Assembly celebrated the successful completion of the “Digitization and Innovation for the Competitiveness and Sustainability of the Agribusiness Sector in Trinidad and Tobago” project. The closing ceremony, that took place on the 29th of July, marked a significant milestone in the country's efforts to modernize and enhance the agricultural sector.![CAF recognizes Panama's water potential in the face of climate change CAF recognizes Panama's water potential in the face of climate change](/media/4669780/2_cuencas_hidro_caf_.jpg)