Latin American development bank CAF said it raised CRC47.3 billion ($94 million) in its second placement of bonds in the Costa Rican market.
CAF priced the 2032 notes at a fixed rate of 6.35%, according to the country’s BNV stock exchange in San José.
Citi and Banco BCR were placement agents on the offering, CAF said in a press release.
The bank plans to use the proceeds for general corporate purposes, including new loans, it said in a prospectus.
CAF first issued bonds in Costa Rica in June last year when it raised CRC53 billion in a two-part deal to support the development of local capital markets and fund loans in local currency.
EL SALVADOR
CAF said in a separate press release on Tuesday that it lent $75 million to El Salvador to fund improvements to its public transportation system. The loan’s tenor and pricing details were not disclosed.
“This project aims to promote electromobility, in line with the country’s priority of promoting sustainable economic development and strengthening institutions in the sector to improve its efficiency,” CAF said in statement.