Venezuela’s Corporacion Andina de Fomento to sell notes in public offer

By Mary-Katherine Stinson

Lexington, Ky., Nov. 14 – Corporacion Andina de Fomento (CAF) is planning a public offer of new notes, according to a stabilization notice and a 424B3 filing with the Securities and Exchange Commission.

The notes will be non-callable except in limited circumstances for tax reasons.

Barclays, Citigroup Global Markets Ltd., Daiwa Capital Markets Europe Ltd. and JPMorgan Securities plc are the joint bookrunning managers.

Bank of New York Mellon is the fiscal agent.

Latham & Watkins LLP will be counsel for the bank with help from in-house counsel. Clifford Chance US LLP will be counsel for the underwriters.

The notes will be listed on the London Stock Exchange.

Proceeds will be used to repay outstanding debt maturing in the fourth quarter of 2022 and the first quarter of 2023.

The development bank is based in Caracas, Venezuela.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.