CAF places bonds for USD 650 million to support the economic and social reactivation of Latin America and the Caribbean

CAF -development bank of Latin America- issued a 5-year bond for a total amount of 650 million dollars and a coupon of 2.25%. For more than three decades, CAF has developed a strategy of diversification of its sources of financing, through an uninterrupted presence in global capital markets, which has placed it in a privileged position internationally, allowing it to make this issue in the midst of a volatile market due to the expectation of rising international interest rates.

"We are grateful for the confidence and interest of investors in CAF bonds to promote the economic and social reactivation of Latin America and the Caribbean. These resources that come from international markets at competitive rates allow us to promote the sustainable development of the region through the financing of strategic projects, the provision of technical cooperation and knowledge products," said Sergio Díaz-Granados, CAF's executive president. 

Fund managers, central banks, commercial banks and public institutions led the orders. The brokers in charge of the transaction were BNP Paribas, Goldman Sachs International, Morgan Stanley and Nomura.

CAF promotes sustainable development and regional integration through the efficient mobilisation of resources for the timely provision of multiple, high value-added financial services to public and private sector clients in shareholder countries.