CAF taps euros

CAF taps euros

Bonds

Multilateral lender CAF has sold a €200m 25-year MTN, paying a 3.5% coupon, the group’s chief financial officer said on Tuesday. Hugo Sarmiento said the investors were two European insurance companies. CAF plans to raise a total of $2.5 billion in the capital markets in 2014, slightly less than last year, when it issued around $2.6 billion, he said. The note comes close on the heels of CAF’s 2% CHF275m ($303m) 10-year bond sale earlier this month, which marked a record tenor for a Latin American

Already have an account?

Free trial

Take a free two-week trial now for the latest news, data and market analysis.

Free Trial