CAF places 636 million euros in bonds for the reactivation of Latin America
The agency details that the issuance had the support of 93 US investors, administrators and commercial banks, among others
The Development Bank of Latin America, CAF, has placed 750 million dollars (636 million euros) in bonds that expire in five years to promote the 750 million dollars of Latin America, according to a statement.
“We are an unconditional ally of Latin America and we continue working so that countries have access to resources with favorable rates to implement social and economic reactivation plans that allow the well-being of the population,” said CAF Executive President Luis Carranza Ugarte.
Carranza adds that the support of investors with this new issuance strengthens the region to promote “sustainable development and regional integration at times when the region needs it most.”
The agency details that the issuance had 93 US investors, mainly fund managers, public institutions, pension funds and commercial banks. The placing banks were Citi, Daiwa, Goldman Sachs and Nomura.
CAF’s comprehensive strategy includes an emergency regional credit line of 2,500 million dollars (2,117 million euros) to reinforce anti-cyclical economic measures. In addition, argues the development bank, the private sector will be able to benefit from the liquidity that is being injected into local development banks and other commercial financial entities.
Source: dpa
