The Corporación Andina de Fomento Issues Inaugural US$61.6 Million Children and Youth Bond with Crédit Agricole CIB as Sole Sustainable Structurer
CREDIT AGRICOLE UNSP/ADR (CRARY)
NASDAQ:AMEX Investor Relations:
credit-agricole.com/en/finance/finance
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Source: Business Wire
NEW YORK--(BUSINESS WIRE)--Crédit Agricole CIB acted as Sole Bookrunner and Sole Sustainable Structurer for the Corporación Andina de Fomento’s (CAF) inaugural US$61.6 million Children and Youth Bond, guided by UNICEF’s Child-Lens Investing Framework (CLIF). This is the first bond ever structured in alignment with UNICEF’s CLIF.CAF is a development bank committed to supporting the countries of Latin America and the Caribbean and improving the quality of life in the region. CAF promotes sustainable development and regional integration while serving the public and private sectors, providing multiple products and services to a broad client base of member countries, private companies, and financial institutions.The use of proceeds is aligned with CAF’s Sustainable Finance Framework, which was developed in alignment with internationally recognized standards published by the International Capital Market Association (ICMA), including the Social Bond Principles (updated in June 2023). The
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