CAF fills orders in upsized bond sale

CAF fills orders in upsized bond sale

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

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

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