CAF Issued USD 650 Million in Bonds to Support Latin American and Caribbean Economic and Social Recovery
February 01, 2022
Investor interest reiterates market confidence in the institution’s securities and efficient management of programs and projects that for 52 years have improved people’s well-being and economic growth in Latin America and the Caribbean when it is most needed.
CAF—development bank of Latin America—issued a 5-year bond for a total amount of USD 650 million and a 2.25% coupon. For the past three decades CAF has been engaged in a financing sources diversification strategy, by means of an uninterrupted presence in global capital markets, which has given the Bank a privileged position internationally, allowing it to issue this bond in the midst of a volatile market due to the expectation over rising international interest rates.
“We appreciate the confidence and interest from investors in CAF bonds as a way to promote Latin American and Caribbean economic and social reactivation. These funds come from international markets at competitive rates, and help foster sustainable development of the region by financing strategic projects, providing technical cooperation and knowledge products,” said CAF executive president Sergio Díaz-Granados.
Fund managers, central banks, commercial banks and public institutions led the orders. The bond is being led by BNP Paribas, Goldman Sachs International, Morgan Stanley and Nomura.
CAF promotes sustainable development and regional integration through efficient funds mobilization for the timely provision of multiple high added-value financial services to clients in shareholder countries’ public and private sectors.