Banco De Desarrollo De América Latina, or CAF, issued on Feb. 6 a seven-year bond worth €1.00 billion with a 1.125% coupon, in its first debt issuance of the year.
The bank said this is the largest issuance it has made in euros.
Investor demand reached €1.20 billion in spite of the volatile capital markets, with Spain's Banco Bilbao Vizcaya Argentaria SA, France's Crédit Agricole SA and the United Kingdom's HSBC Holdings Plc acting as placing agents for the issuance.
The development bank said they will use the proceeds from the issuance to promote development in its 19 member-countries in Latin America.
