CAF upsizes bond sale on heavy orders

CAF upsizes bond sale on heavy orders

Corporate & Sovereign Strategy CAF Bonds Debt Fixed Income Capital Markets South America

South American development bank CAF increased the size of its latest bond sale to $800 million on Tuesday after orders topped $1 billion, Manuel Valdez, head of debt capital markets and derivatives at CAF, told LatinFinance. "This would be the third benchmark that we have carried out in 2022, and with this issuance we would practically be completing the financing plan for the year," Valdez said. CAF priced the new 5.25% 2025 bonds at 99.83 to yield 5.312%, equal to a spread of 125 basis points o

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