On Monday, November 1, FONPLATA issued bonds for CHF 150 million (equivalent to USD 164 million) with a 7 year-term and a 0.795% coupon rate. This is the bank's second issuance in 2021 in the Swiss capital market and it stands out for the favorable conditions, both maturity date and coupon rate. The...
Juan E. Notaro Executive President of FONPLATA – Development Bank An old joke that is frequently recycled in the Latin American political environment is that of the ruler addressing his people and stating: “Yesterday we were on the edge of the abyss. Today we have taken a step forward!”...
The Development Bank will fund the “Support system to Community Infrastructure in Popular Neighborhoods during Social and Health Emergency”, which aims at strengthening infrastructure to develop social, family, and health-care assistance strategies for the most vulnerable people. The program, fully...
The Development Bank will fund the program “Promotion of Resilient and Sustainable Agri-Food Systems for Family Farming (PROSAF)”, which aims at increasing the resilience of family, peasant, and indigenous farmers by promoting and supporting sustainable and inclusive production and marketing systems...
Rating agency Standard & Poor´s upgraded FONPLATA´s long term credit rating to ´A/A-1´ from ´A-/A-2´, given its stronger presence in Latin America and strengthened risk and operational capabilities, placing FONPLATA among the best in Latin America S&P said in a statement that FONPLATA has...