Perspective
20 June 2025
CAF pushes the MDB hybrid envelope – but will others follow?
Region:
Americas
Latin American's CAF made headlines with its $500 million perpetual non-call 5.5-year hybrid this month. The entry of hybrid capital is the latest in a line of innovations vying to redefine the MDB toolkit. But can others stretch their balance sheet without compromising the low-cost funding their clients rely on?
