Published on 1/14/2013 in the Prospect News Emerging Markets Daily.
New Issue: Venezuela's CAF sells CHF 250 million 1 3/8% notes due 2021 at 55 bps over mid-swaps
By Christine Van Dusen
Atlanta, Jan. 14 - Venezuela's Corporacion Andina de Fomento (CAF) priced a CHF 250 million issue of 1 3/8% notes due Feb. 11, 2021 (Aa3/AA-/A+) at 100.094 to yield mid-swaps plus 55 basis points, a market source said.
Credit Suisse was the bookrunner for the deal.
CAF is a lender based in Caracas, Venezuela.
| Issuer: | Corporacion Andina de Fomento
|
| Amount: | CHF 250 million
|
| Maturity: | Feb. 11, 2021
|
| Description: | Notes
|
| Bookrunner: | Credit Suisse
|
| Coupon: | 1 3/8%
|
| Price: | 100.094
|
| Spread: | Mid-swaps plus 55 bps
|
| Trade date: | Jan. 14
|
| Settlement date: | Feb. 11
|
| Ratings: | Moody's: Aa3
|
| Standard & Poor's: AA-
|
| Fitch: A+
|
| Distribution: | Regulation S
|
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