Corporacion Andina de Fomento (CAF) is evaluating the offshore renminbi (RMB) and Australian markets as new sources of funding outside of its well-established USD, EUR and JPY and CHF curves, officials from the bank say. The regional development bank is considering a size reasonable for those markets, which should be 200m-equivalent or less with a tenor below 5-years. “There is appetite and we could offer interesting opportunities to high grade investors looking for EM exposure,” CFO Hugo Sarmiento tells LatinFinance, noting that a potential transaction would have to be competitive versus its dollar curve. Sarmiento says it could advance plans within the next couple of months and possibly meet investors, market conditions permitting. CAF has seen the World Bank’s and IFC’s Dim Sum deals, as offshore RMB is known, as interesting reference points. CAF has finished its $2.5bn financing plan, but does not rule out opportunistic trades as a prefunding method for 2013. The supranational is also expanding to new investor types that typically gravitate towards supranational paper like central banks and government owned institutions. CAF so far this year issued in six markets including three Swiss Franc deals and a couple of private placement deals in Germany.