August 11, 2020 |
Latin American development bank CAF sold CHF350 million ($383 million) worth of green bonds in Swiss francs on Monday, pricing the new five-year notes at the low end of guidance, according to sources involved in the deal.
The development bank printed the 0.7% 2025 bonds at 100.049 to yield 0.69%, or 125 basis points over mid-swaps, sources said.
With Credit Suisse and Zürcher Kantonalbank (ZKB) as bookrunners, CAF opened the deal with initial price talk at 125 to 135 basis points over mid-swaps.
Latin American development bank raises $350 mln for climate change initiatives in member nations