CAF places bonds for 500 million euros to promote economic reactivation and sustainable development in Latin America and the Caribbean

CAF -development bank of Latin America- issued a 5-year bond for a total amount of 500 million euros and a coupon of 2.375%.  For more than 30 years, CAF has pursued a strategy of diversification of its sources of financing, through an uninterrupted presence in international capital markets, which has placed it in a privileged global position, allowing it to make this issue in the midst of a volatile market due to the rise in international interest rates.

"Once again we are grateful for the confidence and interest of investors to continue with the strategy of being the Green Bank, for the economic reactivation and sustainable development of Latin America and the Caribbean. These resources from international markets and at competitive rates allow us to continue financing strategic projects that promote integration and economic growth to improve the well-being of Latin Americans and Caribbeans," said Sergio Díaz-Granados, CAF's executive president.

CAF -development bank of Latin America- continues to channel resources to promote sustainable development and regional integration for the timely provision of multiple, high value-added financial services to public and private sector clients in its member countries by financing projects to promote social inclusion, improve the productivity and competitiveness of economic sectors, develop economic and social infrastructure, and support the physical and border integration of the region, among others.

Pension fund managers, central banks, commercial banks and public institutions led the orders. The dealers in charge of the transaction were BNP Paribas, Goldman Sachs International, Barclays and BBVA. This issue confirms the strong demand for CAF bonds from international capital market investors.

This second bond placement by CAF comes on top of a historic capitalisation of its member countries, as well as the credit rating upgrade by Standard & Poor's and the outlook upgrade by Fitch during the first half of the year.