Published on 6/7/2018 in the Prospect News Emerging Markets Daily.
New Issue: Venezuela’s CAF €500 million ¾% five-year notes to yield 0.76%
By Rebecca Melvin
New York, June 7 – Corporacion Andina de Fomento priced €500 million ¾% five-year notes at 99.917 on Wednesday to yield 0.76%, according to a market source.
The Regulation S notes were sold via joint bookrunners Barclays, BBVA, Credit Agricole and JPMorgan.
CAF is a regional lender based in Caracas, Venezuela. It was last in the market for €1 billion of 1 1/8% notes due 2025 that priced in early February.
| Issuer: | Corporacion Andina de Fomento (CAF)
|
| Amount: | €500 million
|
| Maturity: | June 13, 2023
|
| Description: | Senior notes
|
| Bookrunners: | Barclays, BBVA, Credit Agricole and JPMorgan
|
| Coupon: | ¾%
|
| Price: | 99.917
|
| Yield: | 0.76%
|
| Trade date: | June 6
|
| Settlement date: | June 13
|
| Distribution: | Regulation S
|
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