ANDEAN development bank Corporación Andina de Fomento (CAF) was the only Latin American issuer to brave the Eurobond market this week, offering a Lit200bn three year FRN. With the new issue emerging market still fragile after the recent scares out of Russia and Asia, lead managers JP Morgan purposely kept the deal short, small and in floating rate format to get it away.
June 05, 1998