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caf.com / news / caf issues bonds totaling usd 1.250 million

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11 de July de 2017CAF issues bonds totaling USD 1.250 million

High demand from investors allowed CAF to increase the amount originally proposed. Central banks and public institutions were responsible for more than half of the orders 

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CAF -development bank of Latin America- issued a benchmark bond in the U.S. today, covering a term of 3 years and a total amount of USD 1.250 million, with a coupon rate of 2.20%. The CAF has developed a strategy of diversification for its funding sources for more than two decades, through constant presence in the global capital markets, ultimately reaching a privileged status at an international level.

"We appreciate the trust and interest investors have shown in acquiring CAF bonds to promote sustainable development in Latin America. These funds coming from international markets at competitive rates allow us to support the region by funding projects, in addition to providing technical cooperation and developing overall capacity. This is good news for the 19 shareholder countries," said Luis Carranza, Executive President of the CAF.  

Central banks and public institutions placed half of the orders we received, followed by fund administrators, insurance companies and banks. The leading entities in bond placement were Barclays, Bank of America and Deutsche Bank.

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