February 2, 2022 |
South American development bank CAF increased the size of its latest bond sale to $650 million on Tuesday after orders topped $765 million, Manuel Valdez, head of debt capital markets and derivatives at CAF, told LatinFinance.
CAF had planned to issue $500 million in new five-year bonds and opened the initial price talk around 85 basis points over SOFR mid-swaps. It added $150 million to the deal and priced the 2.25% 2027 bonds at 99.582 to yield 2.339%, equal to a spread of 85 basis points, Val
South American development bank increases the size of a five-year issue to $650 mln after orders top $765 mln, head of fundraising says