CAF tightens euro five-year after accelerating social bond framework

Peru, Lima, facemask, CAF, 575, Latin America, LatAm, covid-19, coronavirus
By Oliver West
28 May 2020

A strong bid from ESG investors helped Latin American development bank Corporación Andina de Fomento (CAF) to €700m of social bond issuance on Wednesday as the multilateral looks to fund its efforts to support the region through the Covid-19 crisis.

CAF had been contemplating the issuance of a social bond since before the coronavirus crisis but, as it spread, the bank decided to bring forward its plans and produced a social bond framework that specifically refers to its efforts to mitigate the impact of the pandemic.

The Aa3/A+/A+ ...

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