The Development Bank of Latin America (CAF) placed bonds for $650 million for a term of five years and with a coupon of 2.25% to support the economic and social reactivation of Latin America and the Caribbean, the institution reported.
(See: The milestones of economic and social development in Latin America in 2021).
The broadcast is part of “a strategy of diversifying its sources of financing through an uninterrupted presence in global capital markets“, CAF detailed in a statement.
(See: Cooperation between countries, key to recovery).
that policy”allowed to carry out this issue in the midst of a volatile market due to the expectation of an increase in international interest rates“.
In this sense, the executive president of CAF, Sergio Diaz-Granados, thanked “the confidence and interest of investors in the bonds, which will be used to promote the economic and social reactivation of Latin America and the Caribbean“.
“These resources, which come from international markets at competitive rates, allow promoting the sustainable development of the region through the financing of strategic projects, the provision of technical cooperation and knowledge products.“, he added.
(See: The most productive cities in Latin America).
Fund managers, central banks, commercial banks and public institutions “led the orders“, while the agents in charge of the transaction were BNP Paribas, Goldman Sachs International, Morgan Stanley and Nomura, added the information.
EFE
