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Published on 7/16/2013 in the Prospect News Emerging Markets Daily.

New Issue: Venezuela's CAF prices CHF 250 million notes due 2020 at mid-swaps plus 50 bps

By Christine Van Dusen

Atlanta, July 16 - Venezuela's Corporacion Andina de Fomento (CAF) priced a CHF 250 million issue of notes due Aug. 13, 2020 (Aa3/AA-/AA-) to yield mid-swaps plus 50 basis points, a market source said.

Credit Suisse was the bookrunner for the deal.

Other details were not immediately available on Tuesday.

CAF is a lender based in Caracas, Venezuela.

Issuer:Corporacion Andina de Fomento (CAF)
Amount:CHF 250 million
Maturity:Aug. 13, 2020
Description:Notes
Bookrunners:Credit Suisse
Spread:Mid-swaps plus 50 bps
Trade date:July 16
Settlement date:Aug. 13
Ratings:Moody's: Aa3
Standard & Poor's: AA-
Fitch: AA-

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