CAF issues US$384 million in green bonds in the Swiss market to promote sustainable projects in Latin America

Latin America will have new resources to carry out sustainable projects with the first green bond issue made by CAF - Latin American development bank - in the Swiss market for an amount of 350 million Swiss francs (CHF), equivalent to USD 384 million, with a coupon of 0.70% and a term of 5 years.

"We are pleased with the investor confidence that led us to increase the amount of the issue on our return to the Swiss market where we first issued green bonds. This is good news for Latin America because it allows us to finance sustainable projects to boost the region's economic and social recovery," said Luis Carranza Ugarte, executive president of CAF.

Pension fund managers, insurance companies and commercial banks were among the 47 investors registered in the order book that demanded CAF's green bonds placed by Credit Suisse and Zurcher Kantonalbank.

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

The mission of CAF - Latin American development bank - is to promote sustainable development and regional integration by financing public and private sector projects, providing technical cooperation and other specialized services. Established in 1970 and currently made up of 19 countries - 17 from Latin America and the Caribbean, along with Spain and Portugal - and 13 private banks, it is one of the main sources of multilateral financing and an important generator of knowledge for the region. More information at www.caf.com