By Wendy Van Sickle
Columbus, Ohio, Oct. 19 – Venezuela’s Corporacion Andina de Fomento priced $1 billion of 1¼% three-year notes (Aa3/A+/A+) to yield Treasuries plus 65.4 basis points on Tuesday, according to an FWP filing with the Securities and Exchange Commission.
The notes priced at 99.666 to yield 1.364%.
Initial price talk put the notes as pricing in the SOFR mid-swaps plus 73 bps area.
Barclays Bank plc, BNP Paribas, Daiwa Capital Markets Europe Ltd. and J.P. Morgan Securities plc are joint bookrunners for the senior notes.
The regional lender is based in Caracas, Venezuela.
| Issuer: | Corporacion Andina de Fomento
|
| Issue: | Senior notes
|
| Amount: | $1 billion
|
| Maturity: | Oct. 26, 2024
|
| Bookrunners: | Barclays Bank plc, BNP Paribas, Daiwa Capital Markets Europe Ltd. and J.P. Morgan Securities plc
|
| Coupon: | 1¼%
|
| Price: | 99.666
|
| Yield: | 1.364%
|
| Spread: | Treasuries plus 65.4 bps, or SOFR mid-swap plus 67 bps
|
| Call option: | Non-callable except for tax reasons
|
| Pricing date: | Oct. 19
|
| Settlement date: | Oct. 26
|
| Ratings: | Moody’s: Aa3
|
| S&P: A+
|
| Fitch: A+
|
| Price talk: | SOFR mid-swaps plus 73 bps area
|
| Distribution: | SEC registered
|
| Cusip: | 219868CE4
|
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