June 29, 2006
CAF to back EDC local bond issues

(BNamericas.com) - "The Andean Development Corporation (CAF) has approved a US$50mn partial guarantee for bonds Venezuelan power company EDC plans to issue, the lender said in a statement.

The guarantee will apply to bolivar-denominated bonds issued in the local market. The bonds are designed to secure longer-term resources in local currency, the statement added".