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Latin American development bank issues €700 million COVID bond

ImpactAlpha, June 29 – Corporación Andina de Fomento’s €700 million, five-year bond is its first social impact bond. Proceeds will support small businesses and women, indigenous, minority, migrant and underserved populations in member countries with COVID economic relief (see,Countries and companies tap fixed-income market with ‘social bonds’ for COVID relief).

BNP Paribas was a lead manager of the bond, which is in addition to CAF’s $2.5 billion pandemic emergency credit fund and a $300 million health response fund.

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