CAF places issue in the exclusive Uridashi market

(Caracas, May 10, 2010).- CAF announced its first bond issue in the exclusive Japanese retail market – better known as Uridashi – which is traditionally for issuers with very high credit rating. The placement for US$74 million at four years was on highly competitive conditions for the Latin American development bank. The placement agent was Daiwa Capital Markets .

CAF is an issuer with long experience on the Japanese institutional or Samurai market. CAF President & CEO Enrique Garcia said, "this is the first time CAF has placed an issue exclusively for private investors through the Uridashi, becoming the first Latin American issuer to be present in this market."

"With this operation, CAF enters this exclusive market" García said. "CAF’s presence in these exacting capital markets would not be possible without its high credit ratings, excellent financial indicators, solid legal structure and the continuing commitment of its member countries".

The funds from this issue will be used to support CAF’s action strategy in the socioeconomic development of its shareholder countries by financing operations to improve the competitiveness of their economic sectors, develop their economic and social infrastructure, support the physical and border integration of the region, reduce poverty, promote small- and microenterprise, strengthen national and regional financial markets, develop human capital and promote the reform and modernization of the State.