MEXICO CITY, Nov 17 (Reuters) – Latin American development bank CAF said on Thursday it was placing a $800 mln bond aiming to boost economic development in Latin America and the Caribbean.

In a statement, the bank said it “continues to channel resources to support the economic and social reactivation plans of its 21 member countries.”

The bond will have a 3-year maturity and a 5.25% coupon, and is follows two previous global issues in euros and U.S.dollars made this year for a 5-year term, the bank said.

CAF president Sergio Diaz-Granados said in the statement the region could count on a financially solid CAF thanks to the commitment of its shareholders, the entry of new countries and an

approved capitalization of $7 billion


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“This allows us to achieve objectives such as this, of attracting new resources at favorable rates to continue supporting governments when they need us most,” he said.(Reporting by Carolina Pulice and Sarah Morland; Editing by Brendan O’Boyle)