CAF, the Development Bank of Latin America, has launched the Financial Trust Debt Fund for Infrastructure in Uruguay II, with the objective of channeling resources to finance infrastructure with senior long-term instruments.

The fund will have a validity period of 30 years and a maximum amount authorized by the Central Bank of Uruguay of approximately US$500 million. CAF will contribute 10% of the fund's capital (US$50 Million) in debt.

The launch was carried out through the Bolsa Electrónica de Valores del Uruguay S.A. (BEVSA) (Uruguay Stock Exchange) and the Bolsa de Valores de Montevideo (Montevideo Stock Exchange). It represented the largest amount ever issued on the national stock market.

The fund's predecessor has already financed five projects, including roadworks and education centres.