CAF carries out the largest bond issue in its history for USD 1,750 million

CAF -development bank of Latin America and the Caribbean- achieved the largest placement in its history, through a benchmark-sized bond for USD 1,750 million with a term of 3.5 years and a coupon of 6%. This issue also achieved the highest demand in CAF's 30 years of experience in the capital markets, for an amount greater than USD 3.4 billion.

In the midst of an international market marked by high volatility due to economic and geopolitical uncertainty, the issue had the participation of approximately 120 investors, including fund managers, central banks, institutional investors, among others, from the United States, Europe, Middle East, Asia and Africa. The placement banks were Bank of America Securities, Daiwa Capital Markets, Goldman Sachs International and HSBC.

"We continue to exceed our expectations with a new record issuance of bonds both in terms of amount and demand, which demonstrates the confidence of investors in the management we have been carrying out at CAF to be the green bank and sustainable and inclusive growth in Latin America and the Caribbean. This is also good news for the region because it will allow us to finance with favorable conditions the projects and initiatives that are required to improve the quality of life of the population and promote competitiveness," said Sergio Díaz-Granados, CAF´s executive president.

Currently, CAF registers the best credit rating level in its history with the rating agencies Fitch, S&P Global, Moody's and JCR. So far in 2023, the collection of long-term resources reaches USD 6.25 billion in more than 40 bond issues in 15 different currencies, with a greater presence in the US and European markets.

For more than three decades, CAF has been carrying out a strategy of diversifying its financing sources, through an uninterrupted presence in global capital markets, which has placed it in a privileged position internationally. The multilateral promotes sustainable development and regional integration, through efficient mobilization of resources for the timely provision of multiple financial services, with high added value, to clients from the public and private sectors of the shareholder countries.