September 25, 2019
South American development bank CAF plans to issue roughly $350m in debt fund share certificates to finance investments in a railroad project in Uruguay.
CAF's asset management division, CAF AM, will sell the certificates in inflation-linked Unidades Indexadas, or UIs, by the end of September, the development bank said in a statement.
CAF AM will offer the certificates to retail investors, large investors and institutional investors on the BEVSA stock exchange in Montevideo, CAF said.
South American development bank aims to raise $350m for the $1.1bn Ferrocarril Central