![Successful placement of 300 million euros Successful placement of 300 million euros](/media/29259/euros.jpg)
Successful placement of 300 million euros
The purpose of this bond, issued on the European market, is to finance the institution’s loan operations, which are mainly destined to infrastructure and integration projects that stimulate the development of member countries, in line with the mission of the multilateral financial organization, García said. The Corporation's financial strategy is based on diversification and expansion of the sources of funds and reduction of costs on international financial markets. CAF is recognized as the most competitive Latin American issuer with respect to the rates and terms obtained on its placements.
This year the Corporation placed a ten-year US$250-million issue on the US market, and has also carried out operations in local currency in Venezuela with a bond issue for 215 billion bolivars at five years, and in Peru a placement of 248 million new soles in bonds. CAF has four ratings granting by the most prestigious risk agencies: Moody's (A1), Standard & Poor's (A), Fitch (A+) and JCR (AA-). The agencies say the ratings are based on the sustained growth of the capitalization of the institution, continuing profitability, and efficient financial performance, as well as the immunities and privileges conferred by its international legal status.
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)