CAF rings the bell at Latinex after recent USD 200 million bond issue in Panama

CAF—development bank of Latin America—rang the bell for its recent USD 200 million bond issue, with a 20-year yield, in the Panamanian market.

CAF Executive President Sergio Díaz-Granados explained at the beginning of the ceremony: “We continue to strengthen CAF’s financing with market diversification to advance our goal of doubling our portfolio and becoming the green bank and the bank economic and social recovery of Latin America and the Caribbean.”

The financial operation was led by Citibank and listed on the Latin American Stock Exchange (Latinex, formerly known as the Panama Stock Exchange), and promotes the development of the local capital market, especially if we consider the conditions and term of the transaction, as detailed by the authorities of the institution. In addition, the bond issue reaffirms CAF’s credibility and optimism in the face of the challenging global economic outlook.  

CAF’s Vice President of Finance Gabriel Felpeto noted: “This constitutes a source of competitive resources to finance development initiatives while representing an opportunity for local investors to purchase high-quality securities.”

 Meanwhile, Latinex’s Executive President Olga Cantillo underscored CAF’s contribution to promoting sustainable finance in the region and the capital market to attain this goal.

CAF has been engaged in a strategy to diversify its financing sources for over three decades, through an uninterrupted presence in global capital markets, which has given the bank a privileged position internationally. CAF promotes sustainable development and regional integration through efficient mobilization of funds for the timely provision of high-value-added multiple financial services to clients in the public and private sectors of shareholder countries.