CAF issues $300m in bonds in Japan

CAF, the development bank of Latin America, has issued a total of $300 million in bonds on the Japanese market as part of its strategy to maintain financing for member countries.

The Samurai bonds, for a total of JPY31.3 billion, were issued in two tranches of five-year paper with yields of 0.35% and one tranche of seven-year paper with a yield of 0.45%. 

The bank, which has 17 member countries across Latin America, the Caribbean and Europe and 14 private bank members, issued €1.25 billion in bonds at the end of January to aid the economic reactivation of Latin American countries amid fall-out from the coronavirus pandemic. CAF approved a record of more than $14.1 billion in credit to its members last year.