The Development Bank of Latin America (CAF) has announced this Thursday that it is going to issue a five-year term bond which will have a total amount of 1,000 million euros. Thus, this will be the largest lawsuit in the organization’s history and will have 107 investors from up to 22 countries registered in its order book for an amount of approximately 2,300 million.
“With this broadcast, We have managed to complete close to 50% of the financing plan in the first months of the year by 2023. For us it is very gratifying to be able to count on the continuous support of investors in the European market, this being one of the main markets for CAF,” said CAF’s vice president of finance, Gabriel Felpeto, quoted in a note.
Likewise, he said that the fact that this transaction had the “biggest order book in the history” of CAF, “ratifies the institution as a benchmark issuer in the Latin American region and validates our work to support the development of our region”.
CAF indicated that pension fund managers, central banks, commercial banks and public institutions led the orders, while the agents in charge were BNP Paribas, JP Morgan, Barclays and Credit Agricole. In this way, it is confirmed that Latin American banks are at a good time to ensure their future after experiencing the harshness of the pandemic in recent years that paralyzed the economy.
I affirm that continues to channel resources to promote sustainable development and regional integration for the “timely provision of multiple financial services, of high added value, to clients of the public and private sectors of its member countries, financing projects to promote social inclusion, improve the productivity and competitiveness of the economic sectors”.
