CAF is among the debt issuers with the highest credit ratings in Latin America, which has promoted its successful and active participation in the international capital markets. Moreover, CAF has a permanent presence in the short-term capital markets through various commercial paper programs in the United States and Europe.
CAF's funding strategy is based on the diversification of sources and terms, mitigation of risks associated with interest and currency rates, and on obtaining competitive rates that permit an efficient intermediation of financial resources.
Diversification of sources gives CAF the best possible financial conditions, offering the possibility of access to the source that has the best alternative at the time when new funds are needed. The Corporation is able to attract a stable and consistent flow of funds at competitive rates that maintain the liquidity levels stipulated in financial policies and supply funds efficiently to clients.
With tenor diversification, CAF can closely match the average maturity of liabilities to that of its assets.
Funds raised in the capital markets are used to finance CAF´s objective to support sustainable development and economic integration among its shareholder countries by helping them make their economies diversified, competitive and more responsive to social needs. – less–ZoomInfo