CAF Files USD Debt Shelf

Andean multilateral CAF has filed a $1.5bn shelf with the SEC, including $1.0bn in previously registered but unsold securities and $500m in new capacity. The development bank plans to use proceeds to fund its lending operations. It did not list any bookrunners or give an indication of when issuance might start. CAF has previously said it plans a dollar bond this year, as part of a plan to borrow $600m-$800m from various international markets. It has already started, having sold COP240bn ($95m) in 2014 and 2019 bonds in Colombia in April, and JPY10bn ($108m) in 2019 bonds with a single Japanese investor in February.