CAF captures Covid funds with social bond

Bogota, Colombia, CAF, covid-19, 575, downtown, centro
By Oliver West
28 May 2020

Latin American development bank Corporación Andina de Fomento expects the social bond universe to grow after bringing forward its debut social bond to raise funds for its Covid-19 mitigation efforts.

CAF sold €700m of June 2025 bonds on Wednesday, having spent the previous week getting to know the social bond investor base and introducing its new social bond framework, which includes specific references to Covid-19.

“Even before Covid-19, we were planning on issuing a social bond, but brought ...

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