CAF returns to euros with green debut

renewable energy, solar, LatAm, Peru, Lake Titicaca, green bond, CAF
By Oliver West
14 Nov 2019

South American development bank Corporación Andina de Fomento said that 61% of orders for its inaugural green bond in public markets, issued on Wednesday, had come from environmental, social and governance (ESG) and green portfolios.

The issuer raised €750m.

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

“We have been working on the green bond ...

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