CAF returns to the Kangaroo market with a new issue for AUD 150 million

CAF, Development Bank of Latin America, made a new bond issue in the Australian market for AUD 150 million with a ten year term. The transaction was announced for AUD 100 million, but due to the high demand, closed at AUD 150 million with a high quality order book. 

This is CAF's third placement in that market, one of the most exclusive in the world, where only prominent issuers have access. The two previous issues were carriedout in 2013 for a combined total of AUD 575 million. It should ne noted that CAF was the first Latin American issuer in the Kangaroo market. 

Enrique Garcia, CAF's Executive President, commented, " This new transaction consolidates the Institution's position in this prestigious market, and reinforces its catalytic role to attract funds toward Latin America, with the objective of promoting productivity and development in the region". 

The Institution is among the issuers of Latin American debt with the highest ratings, well known for its financial indicators, its solid legal structure, and the permanent commitment of its shareholder countries.