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Latham & Watkins Advises CAF in US$1.6 Billion Bond Transaction

February 29, 2024
Firm advises the Latin American development bank in its second benchmark-sized deal in international bond market this year.

CAF, Development Bank of Latin America and the Caribbean, announced that it achieved the largest placement in its history in the European market, through a benchmark-sized bond for €1.5 billion with a term of six years and a coupon of 3.625%. This issue also achieved the highest demand in CAF's 30-year history in the capital markets, for an amount of almost €6.6 billion.

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 18 sovereign nations across Latin America and the Caribbean, together with Spain and Portugal. Most recently the firm has advised CAF on its €1 billion syndicated bond offering and its US$1.5 billion SEC-registered offering.

Latham & Watkins LLP represents CAF in the transaction with a deal team led by partners Basil Al-Jafari and Roderick Branch.