The supranational went out with high 30s over mid-swaps on Wednesday morning. Aa3/AA-/AA- rated CAF mandated Barclays, BBVA, Crédit Agricole and JP Morgan as joint lead managers on Tuesday for the Reg S only euro benchmark.
CAF last sold a benchmark in early February, raising €1bn of seven year notes at 40bp over mid-swaps despite US equities suffering their worst day in seven years — triggering a period of hefty volatility from which EM bonds have not fully recovered.
The bank sold its first ever green bond in May, raising Ps150bn ($52.5m) of peso-denominated notes in the Colombian market.