CAF Looks to Extend Peru Duration

CAF, the Andean multilateral is looking to extend out to 20 years with its Peru bond program, setting a long duration benchmark for Peruvian entities, Gabriel Felpeto, director of financial policies international issues at the bank tells LatinFinance. “We’re trying to do long term bond issues in local currencies,” says Felpeto. “We’re looking at doing issues in the Peruvian market up to 20 years,” he adds. CAF has already done 12 years in soles and is looking to do at least 15 years in that market. Felpeto adds that CAF’s A/B loan structure is also being used to lengthen duration for domestic entities.