CAF issues its first Nutrition Bond for Latin America
The issuance, for a total amount of 20,000 million yen, was acquired by Japanese institutional investors and will be exclusively used to finance nutrition-related initiatives.
CAF – development bank of Latin America – carried out its first thematic placement of bonds with Daiwa Securities Group, specifically aimed at financing nutrition programs. The securities, for a total of 20,000 million yen (approximately USD 183 million) have a term of 7 years.
“These types of thematic bonds are essential in promoting initiatives that improve the well-being of the population, especially children from 0 to 6 years old, pregnant women and people with disabilities. We will use these resources to fortify food programs in Latin America,” said Renny López, CAF’s Interim Executive President.
The funds raised through the nutrition bonds will be used for various initiatives related to the nutrition agenda, which in Argentina alone have so far benefited 2.9 million children from 0 to 6 years old, as well as pregnant women and disabled people through the Food Card, which is part of the Support Program for the Argentine National Plan Against Hunger.
At the same time, this type of CAF bond allows Japanese investors to participate in initiatives that improve the well-being of Latin Americans, ensuring access to the staple food baskets for the more vulnerable population.
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