CAF resets euro benchmark

CAF resets euro benchmark

Bonds Debt Capital Markets Corporate & Sovereign Strategy Fixed Income Venezuela

CAF said it has set a new benchmark for euro-denominated notes, issuing €750m ($849m) in five-year bonds on Wednesday. Barclays, BNP Paribas and JPMorgan priced the notes with a coupon of 0.625% after taking €830m in orders, LatinFinance has heard. The buyers included central banks, investment funds and commercial banks from Europe, Asia and the United States, CAF said in a statement.  CAF sold $4.9bn in bonds last year, up 29% on the $3.8bn in 2017, with two benchmark deals in euros and one

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