CAF grows green Swissie trade

Bogota, Colombia, CAF, covid-19, 575, downtown, centro
By Oliver West
11 Aug 2020

Latin American development bank Corporación Andina de Fomento (CAF) raised Sfr350m ($382m) of five year paper on Monday with its first green bond issue in the Swiss franc market.

After holding investor calls last week, on Monday morning CAF set initial price thoughts at 125bp-135bp over mid-swaps for a proposed green bond maturing in September 2025, seeking to raise at least Sfr250m. 

As the books grew, bookrunners Credit Suisse and Zürcher Kantonalbank refined guidance to 125bp-130bp before launching ...

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