Chicago, Feb. 28 – Venezuela’s Corporacion Andina de Fomento (CAF) (Aa3/AA-/AA-) priced €1 billion 4˝% senior notes at 99.855 to yield 4.533%, according to a market source.
The notes priced with a 110 basis points spread to mid-swaps. Guidance was in the mid-swaps plus 115 bps area.
Barclays, BNP Paribas, Credit Agricole CIB (billing and delivery) and JPMorgan are the joint lead managers.
The final order book went over €2.3 billion.
The notes will be listed in London.
The development bank is based in Caracas, Venezuela.
| Issuer: | Corporacion Andina de Fomento
|
| Amount: | €1 billion
|
| Issue: | Senior notes
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| Maturity: | March 7, 2028
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| Bookrunners: | Barclays, BNP Paribas, Credit Agricole CIB (billing and delivery) and JPMorgan
|
| Coupon: | 4˝%
|
| Price: | 99.855
|
| Yield: | 4.533%
|
| Spread: | Mid-swaps plus 110 bps
|
| Trade date: | Feb. 28
|
| Settlement date: | March 7
|
| Distribution: | Regulation S
|
| Price talk: | Mid-swaps plus 115 bps area
|
| ISIN: | XS2594907664
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