CAF carries out a successful issuance in the global market for USD 1 billion
The operation was in high demand by 90 investors
(New York, 5 de agosto de 2014). CAF, Development Bank of Latin America, carried out a public transaction in the bonds market for USD 1 billion, at a rate of 1.5 percent and with a three year term. The placement banks were Bank of America, Deustche Bank, and HSBC.
The issue was in high demand by central banks, official institutions, bank treasuries, and fund managers at a global level in the United States, Europe, Asia, and Latin America. The total demand was for approximately USD 2.1 billion, with the participation of 90 investors.
This operation represents an important advance in the diversification strategy and changes in the nature of CAF's investor base, as a result of the recently obtained rating improvements.
In 2014, Fitch Ratings, Moody's, and Standard & Poor's, ratified the AA- / Aa3 ratings as well as their stable outlook.
In addition, in 2013 CAF received the Best Multilateral Development Bank of The Year Award granted by the prestigious publication LatinFinance.
These types of awards are a recognition of the improvements in the financing conditions for sustainable development projects and regional integration in the region.
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