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LatinNews Regional Monitor: Andean Group - 13 February 2019

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In brief: Bolivia

* The Fondo Financiero para el Desarrollo de la Cuenca del Plata (Fonplata - Plata Basin Financial Development Fund), a multilateral financial organisation formed of Argentina, Bolivia, Brazil, Paraguay, and Uruguay, has raised CHF150m (US$148.67m) from the issue of five-year notes in its international bond market debut in Switzerland. Credit Suisse and UBS priced the notes at 0.578% after receiving CHF225m (US$223m) in orders. Fonplata’s president Juan Notaro stated: “The results exceeded our expectations. The demand was much greater than anticipated and generated a very favourable interest rate”. Notaro added that Fonplata’s first bond transaction marked a “milestone” and will make it possible to deepen “the capacity of financing projects in convenient conditions for our member countries”.