Venezuela
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Multilateral lender says greater liquidity in its deals has helped it to lure new investors
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LatAm supra exploring new markets after busy start to 2023
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Latin American multilateral has a funding programme of $5bn-$6bn this year
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‘Stars aligned’, says issuer, as third double-A rating coincides with improved tone
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LatAm supra has now raised more in Swiss francs than in any year since 2015
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Latin American development bank opts to brave volatility to clinch €500m
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Multilateral mandates for first benchmark since February
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LatAm supra has wrapped a quarter of its 2022 funding plan
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Capital increase will improve LatAm multilateral’s solvency, says rating agency
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LatAm multilateral could begin prefunding soon, with Swiss francs a candidate
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Latin American multilateral pays 12bp NIP on new 2024s
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Latin American supranational Corporación Andina de Fomento (CAF) has become the first borrower from the region to sell paper linked to Sofr.
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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.
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Latin American development bank CAF (Corporación Andina de Fomento) will pick either a five or seven-year maturity this week as it prepares its first benchmark in euros since May 2020.
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Latin American development bank Corporación Andina de Fomento (CAF) will continue to monitor its members’ needs before determining how much funding it has left to raise in 2020, but has covered the majority of its financing needs after increasing the size of a dollar benchmark, priced on Wednesday.
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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.
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The US Treasury slapped sanctions on a Rosneft subsidiary on Tuesday for brokering sales of Venezuelan crude oil that supported president Nicolás Maduro’s government. Some expect this to be the first of similar actions, in the run up to the US presidential election.
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South American development bank Corporación Andina de Fomento said that 61% of orders for its inaugural green bond in public markets, issued on Wednesday, had come from environmental, social and governance (ESG) and green portfolios.
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South American development bank Corporación Andina de Fomento (CAF) said that 61% of orders for its inaugural green bond in public markets, issued on Wednesday, had come from ESG and green portfolios as the issuer raised €750m of euros.
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South American development bank CAF (Corporación Andina de Fomento) has raised $140m of 10 year debt via a private placement that will be used to fund education projects, GlobalCapital understands.
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Corporación Andina de Fomento (CAF) will sell its first public green bond in the second half of this year in euros, the development bank’s head of funding said at Euromoney's Global Borrowers and Investors Forum in London on Tuesday.
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Venezuelan government-owned oil giant Petróleos de Venezuela (PDVSA) is likely to make a $71m interest payment on its 2020 notes, the only external bond on which the country has not yet defaulted.
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Emerging market bankers and investors have been reacting to this week's attempt by the Venezuelan opposition to unseat president Nicolás Maduro, with some worrying that Russia's support for the government once again raises the risk of sanctions against that country.
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A coup attempt in Venezuela has rekindled hopes among investors that president Nicolás Maduro will cede control to the opposition regime. The development drew the spotlight away from Argentina’s spiralling currency.
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Corporación Andina de Fomento (CAF) laminated its SSA membership card this week as it tightened pricing while equalling its largest ever dollar benchmark for size — despite political turmoil in one of its shareholders.
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US sanctions have brought secondary markets in Venezuelan sovereign bonds and those of state oil company PDVSA to a standstill, leaving investors unable to trade. As a result, the bonds may be withdrawn from the JP Morgan Emerging Markets Bond Index.
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Investors are waiting feverishly for regime change in Venezuela. With US sanctions having stopped trading in the sovereign bonds and those of state oil company PDVSA, investors are unable to alter their exposure to the country.
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Corporación Andina de Fomento (CAF) may be playing it safe with its first dollar benchmark of the year, according to investors, amid uncertainty over the political future of Venezuela — one of its shareholders and the country in which it is headquartered.
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Corporación Andina de Fomento (CAF) will break the silence of the public sector dollar market this week, after circulating initial price thoughts on Tuesday for its first benchmark of the year in the currency.
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Investor hopes that the US Office of Foreign Assets Control (OFAC) would retract a ban on US persons buying PDVSA debt were dashed on Friday, when the department made the situation worse for bondholders by adding Venezuelan sovereign bonds to the trading ban.
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Latin America bond investors cheered moves from the US government to up the pressure on Venezuelan president Nicolás Maduro to leave office this week, but a side-effect of sanctions left PDVSA creditors trapped, to the confusion of many. Oliver West reports.
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Following confusion over the effect US sanctions against Venezuelan state oil company PDVSA could have on US bondholders, the final picture is growing clearer and the unfurling scene is not a pretty one.
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A fresh round of US sanctions on Venezuela’s government can only squeeze President Maduro further, said bond investors, but meanwhile there was some confusion on Tuesday regarding the apparent ban on secondary market trading of PDVSA debt by US persons.
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A fresh round of US sanctions on Venezuela’s government will add to the pressure on 46th president of Venezuela Nicolas Maduro to clear off, said bond investors.
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The US sanctions slapped on Petroleos de Venezuela (PDVSA) this week look similar to those that have just been removed from Russia’s EN+ and Rusal. The move indicates that the US believes in the effectiveness of sanctions and is happy to keep deploying them. Emerging markets investors should beware.
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Corporación Andina de Fomento (CAF) is planning to issue its first public green bond this year, after kicking off its 2019 funding with a euro benchmark and announcing plans to meet US investors next week.