Sixth bond issue in Switzerland

(Special, June 1, 2012.) – CAF - development bank of Latin America - announced its sixth bond issue in Switzerland and the second this year, reaffirming the bank’s position as the most frequent and recognized Latin American issuer in this unique market. The placement - led by Credit Suisse - was for 175 million Swiss francs (equivalent to USD 180 million) maturing in 2014.

"In difficult economic times, this issue, initially planned for 100 million Swiss francs, reached 175 million Swiss francs in a few hours after high demand mainly from banks, insurance companies and fund managers, " CAF President & CEO Enrique García said.

With this operation, CAF demonstrates its capacity to attract and diversify its investor base, even in conditions of market volatility, based primarily on high credit ratings, proven financial strength over the years and support from shareholders, which makes the multilateral bank a reliable issuer in prestige markets.

This is the sixth placement by CAF on the Swiss market, one of the most exclusive and which only issuers with high credit ratings can access.

The Latin American financial institution has placed issues for over USD 650 million so far this year. Through its bond issue program, the institution has achieved a privileged position internationally, attracting about USD 14.30 billion since its entry onto global capital markets.

CAF uses the funds raised through its issues to promote its integrated agenda for the sustainable development of Latin America.