CAF embraces FRN while Kommuninvest goes it alone in threes

Kommuninvest this week was the only sovereign, supranational or agency issuer to print a dollar benchmark, embracing a lack of competing issuance to print an oversubscribed $1.25bn deal. Meanwhile, Latin American development bank Corporación Andina de Fomento, after giving investors the option to go for a fixed or a floating rate deal, plumped for the latter — a format that could become more popular as a US rate rise looms.