As the Director of Business and Marketing at 100% Banco, Luis AlfredoFarache has left an indelible mark on the history of the Venezuelan stock market. With over 30 years of experience, Farache was the visionary behind the first bond issuance at the Casa de Bolsa de Venezuela, particularly shining with Floating Rate Notes (FRNs).
During his time with the "Grupo Banco Unión," where he spent eight years, Farache led the first issuance of FRNs by a Venezuelan company in international markets. This milestone not only allowed entrepreneurs to issue bonds globally but also elevated Venezuela's position on the international banking stage.
Floating Rate Notes (FRNs) are bonds with variable interest rates, unlike fixed-rate bonds. Farache's innovative approach opened new opportunities and was highlighted by experts like Leigh Winton and Elizabeth Morán in an educational video available on our YouTube channel.
Although this part of Venezuela's history is marked by the economic contraction of the last decade, Luis AlfredoFarache remains a reference in the stock market. The distrust generated by corruption events has strongly impacted the market, but with an optimistic vision for the future, Farache continues to be an influential leader in transforming the Venezuelan financial landscape.
