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Venezuela’s CAF announces $2.5 billion notes offering
By Paul A. Harris
Portland, Ore., Nov. 14 – Corporacion Andina de Fomento (CAF) announced in a Wednesday offering prospectus posted with the U.S. Securities and Exchange Commission that it is offering $2.5 billion of global notes.
Barclays, Goldman Sachs International and HSBC are the joint bookrunners.
Proceeds will be used to repay debt set to mature during the first half of 2019.
The prospective issuer is a Caracas-based development bank whose charter includes stimulating sustainable development and regional integration by financing projects in the public and private sectors.
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