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CAF and Barbados Sign USD 75 Million Agreement to Advance Cultural Heritage and Tourism Development
February 21, 2025
CAF issued bonds in Costa Rica for CRC 32.5 billion (USD 64 million), reinforcing its commitment to financial development and capital markets in the region.
February 27, 2025
As part of its commitment to strengthening local capital markets and fostering financial development in the region, CAF – the development bank of Latin America and the Caribbean – continues to consolidate its presence in Costa Rica with a new bond issuance of CRC 32.5 billion, equivalent to approximately USD 64 million.
This issuance was executed under CAF’s local bond program, registered for a total amount of USD 500 million equivalent in Costa Rican Colones (CRC), with a term of 7 years and a coupon rate of 6.18%. The placement process was supported by Citibank as the structuring bank and INS Valores as the underwriter.
With this bond issuance, CAF reaffirms its position as a key player in the development and deepening of local capital markets in Latin America and the Caribbean. This is the fifth issuance made by the institution in Costa Rica under this program, reaching a total of CRC 147.740 million (more than USD 290 million) since its inception in June 2023.
“The development of local capital markets and the strengthening of the derivatives market are strategic priorities for CAF, as they help boost local economies, offer new investment alternatives, improve liquidity in the region’s financial markets, and contribute to risk mitigation and debt sustainability strategies,” said Sergio Díaz-Granados, CAF’s Executive President.
Through these initiatives, CAF continues to consolidate its commitment to driving economic growth and financial stability in Latin America and the Caribbean, facilitating access to local currency financing, and promoting greater participation of institutional players in the securities market.
February 21, 2025
February 21, 2025
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