CAF selects BNP Paribas Securities Services as agent lender
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CAF selects BNP Paribas Securities Services as agent lender 27 March 2023Venezuela Reporter: Lucy Carter
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Latin America and Caribbean development bank Corporación Andina de Fomento (CAF) has selected BNP Paribas Securities Services as agent lender for its US $1.3 billion portfolio.
The partnership follows BNP Paribas’ 2020 issuance of a COVID-19 recovery bond to CAF and the company’s continued relationship with the LatAm region.
CAF will benefit from more than 100 counterparties through BNP Paribas Securities Services’ third-party global lending model. This will allow for the expansion of its portfolio revenues.
CAF’s sustainable development model focuses on equity, efficiency, sustainability, institutionality and integration.
Claudia Calderon, head of Hispanic LatAm for Securities Services at BNP Paribas, comments: “We are very pleased to continue building upon the strong partnership BNP Paribas has developed with CAF over the past few years. We are delighted to add them to our selective portfolio of securities lending clients and as the first supranational entity in LatAm to join our programme.”
Gabriel Felpeto, chief financial officer at CAF, says: “This milestone allows us to enhance our portfolio revenues in Latin America and the Caribbean and strengthen our commitment to sustainable development in the region.”
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