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