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CAF Returns to Switzerland

Aug 8, 2012

Regional development bank Corporacion Andina de Fomento (CAF) took advantage of a recent rating upgrade to raise CHF300m ($313m) in its third visit to the Swiss market this year. The Venezuela-based lender’s 2018 bond represented its largest-ever size and longest-ever tenor in CHF. The bond...

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"[While] it’s good to build more infrastructure and increase investment, you have to be conscious about the macro effects of too big an increase in domestic demand, including of course public expenditure."

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