Venezuela’s CAF plans to issue dollar-denominated notes

Chicago, Sept. 14 – Corporacion Andina de Fomento plans to sell dollar-denominated notes, according to a 424B3 filing with the Securities and Exchange Commission.

Joint bookrunners for the offering are Citigroup Global Markets Ltd., Daiwa Capital Markets America Inc., Goldman Sachs International and Nomura International plc.

Proceeds for the bullet notes will be used to redeem debt that will mature in the fourth quarter of 2020. Until that time, proceeds will be invested in high-quality, short-term debt investments.

CAF is a Latin American development bank based in Caracas, Venezuela.

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