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CAF issues first green bonds in euros

CAF issues first green bonds in euros

November 18, 2019
South American development bank receives €1.2 billion in orders for €750 million in seven-year notes

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South American development bank CAF said it has issued its first green bonds in euros, raising €750 million ($829 million) from the sale of seven-year notes with a coupon of 0.625%. More than 70 accounts placed €1.2 billion in orders, led by central banks, fund managers and commercial banks, including the bookrunners Bank of America, BNP Paribas and Crédit Agricole, CAF said in a statement. In a presentation to investors before the sale, CAF said it could use the proceeds to lend $110 million to

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