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CAF bond issue to back waterworks

Bnamericas Published: Wednesday, January 06, 2016
CAF bond issue to back waterworks

Development bank CAF completed a bond issue of approximately US$102mn in the Japanese market, with the proceeds to be used for water-related projects in Latin America and the Caribbean.

The four-year bonds were issued in two currencies: 590mn in South African rand (US$37.9mn) and 192mn in Turkish lira (US$64.6mn), CAF said in a statement.

Water infrastructure including supply, sewerage, wastewater treatment and irrigation, among others, are areas the financing will support, CAF added.

CAF is among a collection of multilateral development banks that will play an integral part in advancing the UN's Sustainable Development Goals, which seek to ensure availability and sustainable management of water and sanitation for all of the global population by 2030.

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