CAF Plans $1 Billion Bonds In 2007

CAF, the Caracas-based Andean multilateral, is planning to issue up to $1 billion in bonds next year. The bonds will be issued in Latin America and in the international markets, with approximately 20% issued in local currency and the rest in US dollars. So far this year, CAF sold $809 million worth of bonds, with local currency issues in Venezuela and Peru. This year, the multilateral lent more money than ever, approving loans of $5.65 billion – 19% more than in 2005 – according to CAF president Enrique García.