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CAF Blazes a New Trail

Feb 1, 2004

The Andean Development Corporation (CAF) has blazed a trail across the international capital markets in the decade since it issued its first bond in the US market. It set another milestone last year when it increased its US commercial paper program to a record $1 billion. CAF created the only Latin American stand- alone CP program, one that is not backed by a letter of...

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There is performance risk that the market is going to have to evaluate and assess. I think that is very healthy for the market because that will enable us to finance a much wider range of projects.

Luis Fernando Andrade, Colombian National Infrastructure Agency


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