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Latham & Watkins Advises Latin American Development Bank CAF on €500 Million Bond Offering
July 7, 2022
Cross-border team advised issuer on benchmark bond sale.
Latham & Watkins advised Latin American development bank CAF (Corporación Andina de Fomento) on its €500 million bond offering, CAF's second international benchmark of 2022 and its first EUR benchmark since January 2021. The five-year notes obtained a coupon of 2.375% and are listed on the London Stock Exchange.
CAF is a multilateral financial institution that seeks to foster and promote economic development within Latin America and the Caribbean. Its principal and associated shareholders include seventeen sovereign nations across Latin America and the Caribbean, together with Spain and Portugal.
Latham & Watkins LLP advised CAF in the offering with a corporate team led by Dubai partner Basil Al-Jafari and Chicago partner Roderick Branch.