CAF issued bonds totaling USD 750 million
Investor demand exceeded USD 900 million, which reiterates the confidence of the market in the securities issued by the institution and in the development of Latin America. The main purchasers included fund managers, central banks and public institutions.
CAF–development bank of Latin America–issued a 5-year bond for a total amount of USD 750 million, with a 3.75% coupon. CAF has developed a diversification strategy for its funding sources over the past two decades, through constant presence in global capital markets, ultimately reaching a privileged status worldwide.
“We appreciate the trust and interest investors have shown in acquiring CAF bonds to promote sustainable development in Latin America. These funds coming from international markets at competitive rates allow us to support the region by funding projects, in addition to providing technical cooperation and developing overall capacity,” said Luis Carranza, executive president of CAF.
The main purchasers included fund managers, central banks and public institutions. The institutions in charge of the transaction included Barclays, Goldman Sachs and HSBC.
CAF promotes sustainable development and regional integration through efficient mobilization of funds for a timely provision of multiple financial services with high added value, to customers in public and private sectors of shareholder countries.
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