CAF makes a successful bond issue in Mexico for 1.437 billion euros

CAF -development bank of Latin America- returned to the Mexican market with a successful 10-year bond issue for a total amount of MXN1,437 million (211 million investment units) and a coupon of 3.54% indexed to inflation.

"We are pleased to return after 10 years to the local market, with Mexico as a full CAF member. This successful issuance will allow us to channel more resources to this country and the region in general, with the purpose of continuing to support them in their social and economic care and recovery plans to overcome the pandemic, improve the quality of life of the population and promote sustainable development," said Renny López, CAF's interim executive president.

This placement, equivalent to approximately USD 71 million and structured by BBVA, had a significant participation of institutional investors, insurance companies and pension funds.

CAF closed 2020 with a record of more than $14 billion in loan approvals, most of which went to address the effects of the pandemic on the economy and health systems, as well as to improve digital, land and energy infrastructures. At the close of its 50th anniversary, the multilateral agency had accumulated a total of more than $200 billion in approvals since 1970 to promote sustainable development and regional integration.

For three decades, the Development Bank of Latin America has pursued a strategy of diversifying its sources of financing through an uninterrupted presence in global capital markets, which has placed it in a privileged position internationally. The multilateral promotes sustainable development and regional integration through the efficient mobilisation of resources for the timely provision of multiple, high value-added financial services to public and private sector clients in shareholder countries.