CAF reaffirms its presence in the Japanese bond market

CAF -development bank of Latin America- started the year in the Japanese market with three Samurai bond issues for a total amount of JPY 31.3 billion (USD 300 million) divided into two placements for 5 years and a coupon of 0.35%, and another for 7 years with a coupon of 0.45%. 

"Having the confidence of Asian investors once again allows us to consolidate our position as a relevant issuer in a market that is fundamental for the diversification of financing sources and for our initiative to strengthen the institution in order to continue being an unconditional partner of member countries to improve the well-being of the population, sustainable development and regional integration," said Luis Carranza Ugarte, CAF's executive president. 

CAF reaffirms its presence in the Japanese market, which is unusual for Latin American issuers, with an issue that included tranches aimed at both institutional and retail investors, with SMBC Nikko as placement agent. 

For three decades, the Development Bank of Latin America has pursued a strategy of diversifying its sources of financing through an uninterrupted presence in the global capital markets, which has placed it in a privileged position internationally. The multilateral 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.