CAF Corporación Andina de Fomento : starts 2015 with successful bond issuance of USD 1 billion

CAF starts 2015 with successful bond issuance of USD 1 billion

More than 40 investors participated in the operation 

21 de January de 2015

CAF, Development Bank of Latin America, started 2015 reaffirming its presence in capital markets by issuing bonds for USD 1 billion, with a floating rate based on a three-months Libor in addition to a 0.55% margin with three year duration. Placement banks were Barclays, Credit Agricole CIB, Daiwa and Deutsche Bank.

The issue was in demand by central banks, official organizations,bank treasuries, and fund managers at a global level in the United States, Europe, Asia, and Latin America. More than 40 investors participated in the operation. 

Enrique Garcia, CAF's Executive President, stated, "This new issuance reinforces CAF's catalytic role by attracting funds from other markets toward Latin America, with the objective of generating greater investment and better financing conditions for the development of the region". 

For over two decades, CAF has implemented a diversification strategy for its financing sources through an uninterrupted presence in global capital markets, which has placed the Institution in a privileged position at an international level. Currently, 90% of its resources for the development of Latin America come from extra-regional sources.