Supranationals Ready Bond Issues

CAF is eyeing the issue of $500m-equivalant in any of several different markets, including Yen and Euros, to diversify its funding base. “We continue to monitor the US situation,” CFO Hugo Sarmiento tells LatinFinance. “If we see we can do another dollar issue, then we’ll consider that also.” The lender did $250m in 10-year bonds in January and $75m-equivalent in MXP. Sarmiento mentions the local markets of Colombia, Peru, Chile and Uruguay as other possibilities. “Diversifying our investor base is the most important thing,” he says. Separately, Cabei (A2/A) wants $150m+ in a 2-10 year and Bladex is mulling $200m+ in a 2-7 year, according to bankers. Bladex is also preparing a $50m equivalent issue in Peruvian soles and registering a $300m equivalent MXP shelf.