CAF sells US$100mn in 10-year bonds

Thursday, October 27, 2011

Latin American development bank CAF has tapped the Mexican market with a 10-year bond issue worth 1.3bn pesos (US$100mn), CAF said in a press release.

The issue saw strong demand from institutional investors, such as Mexico's private pension fund managers, which prompted CAF to increase the amount from the initial 1bn pesos.

The inflation-linked bonds carry a 3.95% coupon.

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The debt sale was CAF's largest to date in Mexico and its third issue in that market.