Successful issuance of CAF bonds for AUD 100 million in Australian market
Investor interest exceeded the initial offering, with a demand of AUD 170 million. CAF achieved the lowest coupon and spread in this transaction among the 6 existing bonds in this market, to attract funds at competitive rates to finance sustainable development in Latin America.
CAF-development bank of Latin America- successfully placed AUD 100 million in the Australian market, with a 5-year yield and a 3.40% coupon. Investor confidence was evident in a demand that reached AUD 170 million.
“It is important to emphasize that this CAF transaction has the lowest coupon and spread in this market. This is good news because it allowed us to attract funds at a lower rate, to finance projects that promote sustainable development and regional integration for the benefit of the Latin American population,” said CAF executive president Luis Carranza.
The underwriting banks for this issue were ANZ and UBS. With this transaction, CAF now has 6 active bonds in this market accounting for over AUD $1.3 billion. It should be noted that CAF became the first Latin American issuer to place bonds in the Australian market in August 2013.
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