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CAF issues 'water bonds' worth 220.2M reais


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CAF issues 'water bonds' worth 220.2M reais

Banco De Desarrollo De América Latina, or CAF, placed bonds worth 220.2 million Brazilian reais in the Japanese market.

The three-year notes, which were jointly issued with Daiwa Securities, were sold in the Uridashi market to Japanese retail investors.

The proceeds collected through the bonds will be used for water-related projects, such as supply, sanitation, treatment of residual waters, and irrigation in Latin America and the Caribbean.

As of Jan. 23, US$1 was equivalent to 3.16 Brazilian reais.