CAF Reaffirms Presence in Japanese Bond Market

CAF- Development Bank of Latin America has issued three Samurai bonds in the Japanese market in the amount of $300 million divided into two placements, one with five years’ maturity and a 0.35-percent coupon, and another for seven years with a coupon of 0.45 percent.

"With the confidence of Asian investors we can once again consolidate ourselves as a relevant issuer in a market that is critical to the diversification of funding sources,” CAF executive president Luis Carranza Ugarte said, and added that the financial move also helps strengthen the institution in order to remain an “unconditional partner of member countries to improve the well-being of the population, sustainable development and regional integration.”

CAF reaffirms its presence in the Japanese market - an unusual move for Latin American issuers - with an issue that included parts aimed at both institutional investors and minority investors, and which had, SMBC Nikko as its positioningagent.

CAF has been engaged in a diversification strategy for its financing sources for the past three decades, through an uninterrupted presence in global capital markets, which has given it a privileged position internationally. The bank promotes sustainable development and regional integration through efficient funds mobilization for the timely provision of high-value-added multiple financial services to clients in the public and private sectors of shareholder countries.