CAF dollar return continues EM to SSA transition plan

By Oliver West
07 Aug 2014

The chief financial officer of Latin American development bank Corporación Andina de Fomento (CAF) said the lender’s return to the public dollar markets on Tuesday for the first time in two years showed its new-found appeal to SSA-dedicated bond investors.

CAF opted to return to the dollar market with a $1bn three year for the first time since it achieved double-A ratings from all rating agencies last year. And with 54% of orders coming from sovereign wealth funds and central banks, the borrower could claim an even ...

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