Corporacion Andina de Fomento talks $1.25 billion three-year notes at mid-swaps plus 45 bps

By Rebecca Melvin

New York, July 11 – Venezuela’s Corporacion Andina de Fomento plans to price $1.25 billion of three-year notes at mid-swaps plus 45 basis points, a syndicate source said Tuesday.

Pricing was tightened from the mid-swaps 50 bps area, and final terms were expected later Tuesday.

The SEC-registered notes are being sold via joint lead bookrunners Barclays Bank plc, BofA Merrill Lynch and Deutsche Bank Securities Inc.

Proceeds will be for general corporate purposes, including funding lending operations.

CAF is a regional lender based in Caracas, Venezuela.

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