CAF achieves the largest transaction by a Latin American issuer in the Australian market.

February 08, 2024

CAF carried out a successful bond placement for AUD 500 million Australian dollars with a term of 5 years, thereby continuing to expand its investor base and attracting resources at competitive rates to promote sustainable development and integration in Latin America and the Caribbean.

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CAF -development bank of Latin America and the Caribbean- became the first Latin American issuer to achieve the largest transaction in the Australian market for AUD 500 million, with a term of 5 years and a coupon of 5,300%.

The operation is another successful issuance for CAF, after the record issuances in dollars and euros carried out during 2024. The broad support of investors in CAF and the quality of its credit translated into a detailed demand from managers of funds (50%), central banks/public institutions (33%) and banks (17%). Geographically, the portfolio was divided between EMEA (40%), Australia (26%), Americas (13%), Asia (11%) and Japan (10%).

“We are very satisfied by the trust of local investors in CAF, which allows us to expand and diversify the sources of financing to bring more resources at competitive rates to support the countries of Latin America and the Caribbean in meeting the Goals of Sustainable Development and to improve their quality of life in general, which has been the mandate since our founding 56 years ago,” said Sergio Díaz-Granados, executive president of CAF.

CAF returns to this market with a public issue after 6 years, one of the most exclusive in the world and to which only prominent issuers have access. The placement banks were Deutsche Bank AG (Sydney Branch), Nomura International PLC and UBS AG (Australia Branch). It should be noted that CAF was the first Latin American issuer in the Kangaroo market.

For three decades, CAF has been carrying out a strategy of diversifying its financing sources, through an uninterrupted presence in global capital markets, which has placed it in a privileged position internationally. The multilateral promotes sustainable development and regional integration, through efficient mobilization of resources for the timely provision of multiple financial services, with high added value, to clients from the public and private sectors of the shareholder countries.