The development of Latin America’s local capital markets continues apace following the first bond issue by a multilateral organization in Venezuela in 30 years. The bond, worth B215 billion ($100 million) and with a five-year maturity, was launched last month by CAF, the Andean development bank. It is the biggest non-government bond issued in Venezuela.
Enrique García, president and CEO of CAF, says that the deal fits with the bank’s aim of helping develop its member countries’ capital markets.
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