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...
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...
The 20th. Meeting of the Board of Governors was held on September 17 and chaired by Azucena Arbeleche, Governor for Uruguay. The Assembly took place online and was attended by the authorities representing all FONPLATA’s member countries: Leandro Gorgal, Undersecretary of International Financial...
Juan E. Notaro Executive President of FONPLATA – Development Bank The main role of development banks is to fund programs and projects that may not be convenient or profitable for commercial banks. Development, in the broad sense, is everything that contributes to improve people’s well-being and...
Juan E. Notaro Executive President of FONPLATA – Development Bank Due to its own nature, the climate affects our life in every respect. Likewise, climate change and its consequences are changing habits, landscapes, and attitudes in the whole planet. The finance world, especially finance for...