CAF has 500 million dollars for Latin America

The Development Bank of Latin America (CAF) issued a five-year bond for an amount greater than 500 million dollars and a coupon of 2.375 %, as reported in a statement, with which it plans to promote the economic reactivation of Latin America.

The institution highlighted the good reception of this movement among investors, especially in a market “volatile due to the rise in international interest rates.”

“Once again we appreciate the trust and interest of investors to continue with the strategy of being the Green Bank, of economic reactivation and sustainable development of Latin America and the Caribbean,” said CAF Executive President Sergio Díaz-Granados.

The highest representative of the organization highlighted that these resources from international markets and at competitive rates allow CAF to continue financing strategic projects that promote integration and economic growth to improve the well-being of Latin American and Caribbean people.

Pension fund managers, central banks, commercial banks and public institutions have led the orders. The agents in charge of the transaction were BNP Paribas, Goldman Sachs, Barclays and BBVA.

This second placement of bonds by CAF adds to the recent equity capitalization by its member countries, as well as the increase in the credit rating by the Standard & Poor’s agency and the improvement in Fitch’s outlook during the first half of the year.

K. Tovar

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Source: Europapress