CAF attracts new buyers to biggest euro deal

Caracas, Venezuela, CAF, LatAm, 575
By Oliver West
28 Jan 2021

Latin American development bank Corporación Andina de Fomento (CAF) offered the ideal combination of a safe haven on a volatile day and a positive yield in a low rates environment to notch its largest ever euro benchmark on Thursday.

After Fitch had improved the outlook on the multilateral’s rating from negative to stable last week, on Tuesday CAF laid out its intentions to issue this week, saying it was weighing up a five or seven year tenor.

“We’d been following both euro and US dollar markets for a ...

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