CAF Issues Bonds in Mexico for MXN 1.43 Billion
Latin America will have an additional flow of funds to boost economic and social revival with CAF’s return—after a decade—to the local Mexican market with a 10-year bond issue.
CAF—development bank of Latin America—returned to the Mexican market with a successful inflation-indexed bond issue totaling MXN 1.43 billion
(211 million investment units) with a 10-year yield and a 3.54% coupon.
“We are pleased to return to the local market after 10 years, now with Mexico as a full member of CAF. This successful issue will help us channel more funds into the nation and the region as a whole, with the purpose of offering continued support to social and economic recovery plans to overcome the pandemic, improve quality of life and promote sustainable development,” said CAF interim executive president Renny López.
The issue is equivalent to some USD 71 million, is structured by BBVA, and was successfully placed with a broad range of institutional investors, insurers and pension funds.
CAF closed 2020 with a record USD 14 billion in loan approvals, mostly to address the effects of the pandemic on the economy and healthcare systems, as well as to improve digital, land and energy infrastructures. At the close of its 50th anniversary, the multilateral agency had accumulated a total of more than USD 200 billion in approvals since 1970 to promote sustainable development and regional integration.
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.
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