CAF issued bonds for Euros 500 million to continue promoting economic reactivation, sustainable development and Latin American and Caribbean integration

CAF, Development Bank of Latin America, issued a bond for a 5 years’ term for 500 million of Euros and a coupon of 2.375%. For more than 30 years, CAF has carried out a diversification strategy of its funding sources, through a constant and uninterrupted presence in the capitals’ international markets, which have placed the institution in a privileged global position that allowed it to issue this emission in light of a volatile market backdrop caused by the current rising interest rate environment.

“Once more we are grateful for the investors trust and their interest to continue with the strategy of being the Green Bank, of the economic reactivation and sustainable development for Latin America and the Caribbean. This resources from international markets at competitive rates allow us to continue financing strategic projects that promote economic integration and growth to improve the quality of life of the people in Latin America and the Caribbean”, assured Sergio Diaz-Granados, CAF executive president.

CAF, Development Bank of Latin America, is constantly channeling economic resources to promote sustainable development and regional integration providing multiple financial services, of a high added value, to customers from public and private sectors of its member countries financing projects to promote social inclusion, improve economic sectors’ productivity and competitiveness, as well as, to develop economic and social infrastructure and support physical and bordering integration in the region.

The allocations were led by asset managers, insurance and pension funds, central banks, private banks and official institutions. The placement was carried out through a syndicate comprising of four Joint Lead Managers: Barclays, BBVA, BNP Paribas and Goldman Sachs. This is CAF’s second international benchmark of 2022, and the first EUR benchmark since January 2021 and marks CAF’s continued success in establishing liquid benchmarks in international capital markets.

This second bond placement by CAF adds up to a historic capitalization of the multilateral institution approved by the Shareholders', as well as the increase in the credit rating by Fitch and S&P during the first semester of this year.