CAF Keeps Them Coming

CAF Keeps Them Coming

Bonds Structured Finance

Andean Development Corporation (CAF), the Caracas-based regional multilateral financial institution, is to follow up its landmark local-currency issue in Peru last month with an offering in Venezuelan bolivares. The Corporation is looking to place $100 million worth of local-currency bonds in Venezuela on June 13. The bolivar-denominated debt would be the first such paper to be issued by a multilateral in Venezuela. The five-year floating-rate bonds are expected to yield around 7%. Last month CA

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