FMO debuts in bolivianos to extend exotic run

Sprint Finish
By Frank Jackman
17 Sep 2019

The Netherlands Development Finance Company debuted the first offshore Bolivian boliviano bond last Friday. Meanwhile on Monday, French agency Caisse des Dépôts et Consignations again returned to the ultra-long end to place a pair of callable euro notes.

Netherlands Development Finance Companyplaced a $5m 5.75% September 2021 synthetic Bolivian boliviano-linked note on Friday. The note pays and redeems in dollars, and is linked to the dollar/Bolivian boliviano exchange rate. Citi priced the deal at par.

The currency-linked bond was structured by TCX, the Currency ...

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