By Reshmi Basu
New York, Sept. 6 - Corporacion Andina de Fomento (CAF) said it sold an upsized offering of $250 million in 10-year bonds (A1/A/A+) at 99.402 to yield 5.829%, or Treasuries plus 105 basis points.
The deal was increased from $200 million.
Credit Suisse was the lead manager for the issue, which was registered with the Securities and Exchange Commission.
Citigroup, Merrill Lynch, Morgan Stanley and HSBC were co-managers.
Corporacion Andina de Fomento, which has headquarters in Caracas, Venezuela, is a multilateral regional bank for Andean development and integration.
| Issuer: | Corporación Andina de Fomento
|
| Amount: | $250 million
|
| Issue: | Bonds
|
| Maturity: | Jan. 12, 2017
|
| Coupon: | 5¾%
|
| Issue price: | 99.402
|
| Yield: | 5.829%
|
| Spread: | Treasuries plus 105 basis points
|
| Pricing date: | Sept. 5
|
| Settlement date: | Sept. 12
|
| Lead manager: | Credit Suisse
|
| Co-managers: | Citigroup, HSBC, Merrill Lynch, Morgan Stanley
|
| Ratings: | Moody's: A1
|
| Standard & Poor's: A
|
| Fitch: A+
|
|
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