CAF Pouches Kangaroo Funds

CAF Pouches Kangaroo Funds

Venezuela Bonds Australia

Corporacion Andina de Fomento (CAF) has raised AUD275m ($249m) in Australia’s bond market, becoming the first Kangaroo bond issuer from LatAm, and the second in AUD. The development bank drew AUD320m in demand, allowing it to upsize from AUD150m expectations. “We are very satisfied with the debut transaction which represents diversification and opening of a new market, and at a good cost,” CFO Hugo Sarmiento tells LatinFinance. The official calculates the new deal priced 30bp inside CAF’s dollar

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