Green buyers drive CAF euro return

CAF, Caracas
By Oliver West
14 Nov 2019

South American development bank Corporación Andina de Fomento (CAF) said that 61% of orders for its inaugural green bond in public markets, issued on Wednesday, had come from ESG and green portfolios as the issuer raised €750m of euros.

CAF had previously issued themed bonds including green, water and education in private markets, but said in June at Euromoney’s Global Borrowers and Investors Forum that it would seek to issue a debut green benchmark in euros.

“We have been working in the green bond framework and sector ...

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