Institution details
Corporacion Andina de Fomento (CAF) (CAF)
Key facts
- Established in 1970
- Ownership: Public
- Ave. Luis Roche - Torre CAF Altamira
- +58 (212) 209-2111
- http://www.caf.com/en
Latest update: 03/12/2021
rating type | rating agency | type | rating |
---|---|---|---|
Institution rating | S&P | Foreign currency | A+ |
Products
- Loans
- Equity
- Credit lines
- Financial advisory services
- Other products
Loans
- Short-term (1 year), medium-term (1–5 years), and long-term (over 5 years) loans are available
- Syndicated loans
- Maximum term of 2 years - A/B-loans
- Maximum term of A tranche is determined according to the standards established by CAF’s credit policies
- Minimum amount of USD 50 million
- CAF generally must maintain a minimum of 25% of the total amount of an A/B-loan by financing the A tranche - Co-financing
- Can be structured under a single loan agreement or under separate agreements, with an agreement between creditors
Equity
- CAF’s equity investments can be made in various forms:
- Through investment funds aimed at the acquisition, possession, management, and sale of fixed or variable income securities of companies or infrastructure projects represented in shares or participation certificates issued by those companies
- Directly through corporate capital to support the production of goods or the delivery of service
- Through quasi-capital investments, such as subordinate loans, preferred shares, and loans with an option to be converted into shares - Basic criteria considered by CAF when deciding equity participation
- External resource mobilization achieved as a result of investment
- Impact on regional development
- Strategic nature of the investment
- Output mechanisms
- Profitability
Credit Lines
- Short-term (1 year), medium-term (1–5 years), and long-term (over 5 years) credit lines are available
- CAF can also act as a second-tier bank, providing credit lines to DFIs, private commercial banks, or qualified companies in the productive sectors of the region, so that they can offer funding to specific groups, such as SMEs
Financial Advisory Services
- CAF provides financial advisory services to clients in the private, public, or mixed sectors
- CAF can define and structure financing plans for projects or companies
- Can assist the public sector in the design and implementation of public bidding processes for construction, operation, and management of infrastructure or public services (e.g., public-private partnerships, concessions, etc.)
- Assist the private sector in preparing bids to take part in said public bidding processes
- Assist in mergers and acquisitions
- Appraise companies
Other products
- Structured and project finance
- Guarantees and collaterals
- Partial guarantees
- Treasury services
- Checking accounts
- Time deposits
- Funds management
- Support clients in the acquisition of commercial paper or notes issued by CAF in the international market
Performance highlights
What's new?
- CAF signed an MOU with Korea Overseas Infrastructure and Urban Development Corporation (KIND) to explore opportunities for cooperation and collaboration on matters of common interest, especially on the development of sustainable infrastructure, in which the private sector plays a fundamental role
- CAF and UKEF signed an MOU that includes framework for finance of up to USD 200 million to support sustainable development projects in Latin America and the Caribbean that include British exported goods and services