South American supranational offers diversification

Corp. Andina de Fomento (CAF), the South American supranational, sold €200m ($172m) of Eurobonds today (Thursday), and received an enthusiastic response from investors keen to have a break from corporate credit risk.

CAF's shareholders include Ecuador, Bolivia, Columbia and Venezuela and the supranational has close relationships with the Iberian zone - Spain may become a shareholder in the medium term.

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