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CAF issues €750M bond

Banco De Desarrollo De América Latina, or CAF, said it issued a five-year benchmark bond in Europe for €750 million, marking the development bank's first debt offering in 2017.

One-third of the orders for the bond, which carries a 0.50% coupon, came from central banks and official sovereign institutions, while the rest came from asset managers, insurers, banks and pension funds.

"This issuance ratifies the trust and the interest that investors have in CAF bonds, which means good news for the institution's 19 shareholder countries," Executive President Enrique García said.