By Christine Van Dusen
Atlanta, Jan. 21 – Corporacion Andina de Fomento (CAF) priced $1 billion three-year floating-rate notes at par to yield Libor plus 55 basis points on Wednesday, a market source said.
Barclays, Credit Agricole CIB, Daiwa Capital Markets Europe and Deutsche Bank were the bookrunners for the Securities and Exchange Commission-registered deal.
The proceeds will be used for general corporate purposes, including the funding of the company’s lending operations.
CAF is a lender based in Caracas, Venezuela.
| Issuer: | Corporacion Andina de Fomento (CAF)
|
| Amount: | $1 billion
|
| Maturity: | Jan. 29, 2018
|
| Description: | Senior notes
|
| Bookrunners: | Barclays, Credit Agricole CIB, Daiwa Securities, Deutsche Bank
|
| Coupon: | Libor plus 55 bps
|
| Price: | Par
|
| Spread: | Libor plus 55 bps
|
| Trade date: | Jan. 21
|
| Settlement date: | Jan. 29
|
| Expected ratings: | Moody’s: Aa3
|
| Standard & Poor’s: AA-
|
| Fitch: AA-
|
| Distribution: | Securities and Exchange Commission-registered
|
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