• TRM (USD/COP)COP 3,235.59 +1.65% +COP 52.60Colombia's official exchange rate (Financial Superintendence), valid Nov 4 to Nov 4
  • EuroCOP 3,617.08 +1.72% +COP 61.02Reference: TRM crossed with the European Central Bank rate of Nov 3; not the market quote
  • Mexican pesoCOP 173.98 +3.35% +COP 5.64Reference: TRM crossed with the European Central Bank rate of Nov 3; not the market quote

CAF raises USD 2 billion in senior bonds, its largest dollar-denominated issuance

FinanceInternationalLexLatin35 s readAI summary
Image: LexLatin

CAF, the Latin American development bank, raised 2 billion dollars in an international issuance of senior unsecured bonds at a 4.75% rate maturing in 2031. Central banks and official institutions were allotted 45.2% of the bonds placed in the September 9 offering. Proceeds will be used for general corporate purposes, including financing its lending operations. The bonds were admitted to trading on the Main Market of the London Stock Exchange.

In 35 seconds

  • CAF raised USD 2 billion with senior unsecured bonds at a 4.75% rate maturing in 2031.
  • Central banks and official institutions bought 45.2% of the bonds placed.
  • It is CAF's largest dollar-denominated deal, its longest-dated bond in that currency and its first benchmark after Moody's upgraded it to "Aa1".
Read the full story at LexLatin

IASummary generated by artificial intelligence from a story by LexLatin. It may contain errors: the original source prevails.

Comments

Be respectful. Comments reported by several people are hidden until a moderator reviews them.

You do not need an account to read, only to comment. Sign in with a code sent to your email or with your Google account. We only show the name you choose, never your email.

    Keep reading