This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

CAF Opens The Year With Its 100th International Bond Issue

CARACAS, Venezuela, Jan. 18, 2013 /PRNewswire/ -- "This year CAF celebrates its 20th consecutive year in the global capital markets, where the bank has established a distinguished track record, obtaining more than 90% of its financial resources from investors outside of Latin America. With the support of these global investors, CAF has been able to concentrate its efforts on helping to generate economic development in the bank's member countries and to promote Latin American integration," declared CAF president Enrique Garcia, as he announced the 100 th bond issue in the history of the development bank of Latin America.  

The sale of the bonds, which come due in 2021 and bear an annual interest rate of 1.375%, raised 250 million Swiss francs (approx. US $272 million). The bonds carry the lowest interest rate and have the longest term of any bonds CAF has sold in the Swiss market. CAF is the most frequent Latin American issuer in Switzerland, one of the world's most exclusive financial markets, to which only institutions with the highest credit ratings have access. Credit Suisse was the issuing bank for the sale.

Garcia added that CAF attracts a lot of interest from international investors "as a result of the bank's solid and consistent financial performance throughout its history, which is attributable to the unwavering support of its shareholder countries, the bank's prudent credit policies, and its independence, all of which together, make CAF a trusted issuer in the most prestigious global markets."

CAF, which belongs to a select group of Latin American issuers in global capital markets, plays a catalytic role by attracting international funds, which are used to support economic development opportunities in the region.

1 of 2

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 17,098.45 +18.88 0.11%
S&P 500 2,003.37 +6.63 0.33%
NASDAQ 4,580.2710 +22.5760 0.50%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs