CAF notches education bond via PP

Education
By Oliver West
25 Jun 2019

South American development bank CAF (Corporación Andina de Fomento) has raised $140m of 10 year debt via a private placement that will be used to fund education projects, GlobalCapital understands.

“Private placements represent around a quarter of our funding and we use them to target various currencies and tenors, but most specifically to access strategic investors,” Manuel Valdez, the Bogotá, Colombia-based head of funding at the lender, told GlobalCapital.

According to CAF’s website, some 0.9% of its portfolio is ...

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