CAF carried out 10 bond issuances for a total of USD 1.06 billion in the first quarter of the year

Investors' confidence in CAF - development bank of Latin America - bonds was reaffirmed with the placement of 10 bond issuances in the first three months of the year, for a total of USD 1.06 billion. The variety of financing sources in international markets has been the constant in this period, with debt in five stock exchanges.

"For over two decades, CAF has followed a strategy of diversification of its financing sources through an uninterrupted presence in global capital markets, which has positioned it in an internationally privileged position. One of our main objectives is to support the development of Latin America with funds at competitive rates that come from investors in international markets," assured Enrique Garcia, the institution's executive president.

The most recent issuances were carried out in the australian market at the end of March, with two bonds for approximately 197.6 million. The first bond was placed for an amount of AUD 150 million at a rate of 4.0% with a maturity of 5 years, while the second one was placed for AUD 110 million at a rate of 4.50% with a maturity of 10.5 years.

These issuances were demanded by fund managers at a global level, by central banks, insurance companies and private bank treasuries, mainly in Asia, Australia and Europe. The placement banks for these issuances were Australia and New Zealand Banking Group Limited and Deutsche Bank.

With these two operations, the 10 issuances were completed for the first quarter of the year. Placements were made in the swiss market for a total of USD 403.8 million; in the european market, the number rises to 

USD 277.5 million, followed by the australian market with USD 197.6 million placed. The japanese markets, through the Uridashi and Samurai, rose to USD 139.9 million, and finally, 41.2 million were placed
in the Hong Kong stock market. 

The issuance of thematic debt, such as "water bonds" that are exclusively intended for water projects, as well as the re-opening of a bond issued in Europe, are a few examples of the diversity of financing sources that consolidate CAF's presence in capital markets, with the objective of driving sustainable growth in Latin America.