CAF deepens its presence on the Japanese market

(Caracas, June 10, 2011).- "The CAF strategy to raise funds for its mission of supporting the sustainable development and integration of Latin America requires an active presence on international capital markets," Enrique Garcia, president & CEO of CAF - Latin American development bank - said following the announcement today that the institution would return to the Japanese Samurai retail market with an issue for 10 billion yen (equivalent to US$125 million) with a four year term and 1% interest.

"In the last four years," Garcia said, “CAF has had access to eight different currencies through local and global markets, demonstrating once again its strong commitment to diversifying sources of funding."

The placement on the Samurai market reflected the active participation of the development bank on one of the most demanding international markets, he added.

"The institution continued presence on various capital markets has resulted in issues totaling over US$3.50 billion in the last two years," Garcia said. Between 1993 and 2010, CAF placed approximately US$12.50 billion in total.

With this placement on the Samurai retail market, which is accessible only to an elite group of issuers, CAF is demonstrating its catalytic role of attracting funds into Latin America from industrialized countries to open up trade and investment opportunities in the region.

CAF's success in accessing international capital markets is mainly due to the high credit ratings received from the agencies based on its excellent financial indicators, solid legal structure and permanent commitment to shareholders.