By Reshmi Basu
New York, Jan. 23 - Corporacion Andina de Fomento reopened its 5¾% bonds due 2017 (A1/A/A+) to add $250 million, according to market sources.
The deal priced at 99.503 to yield 5.816%, or 102 basis points more than Treasuries.
Merrill Lynch was the lead manager for the sale of Securities and Exchange Commission-registered bonds.
Corporacion Andina de Fomento, which has headquarters in Caracas, Venezuela, is a multilateral regional bank for Andean development and integration.
The reopening brings the total size of the deal to $500 million.
| Issuer: | Corporacion Andina de Fomento
|
| Issue: | Reopening of 5¾% notes due 2017
|
| Amount: | $250 million
|
| Total size: | $500 million
|
| Maturity: | Jan. 12, 2017
|
| Coupon: | 5¾%
|
| Issue price: | 99.503
|
| Yield: | 5.816%
|
| Spread: | Treasuries plus 102 basis points
|
| Call option: | Non-callable
|
| Pricing date: | Jan. 23
|
| Settlement date: | Jan. 29
|
| Bookrunner: | Merrill Lynch
|
| Distribution: | Securities and Exchange Commission-registered
|
| Ratings: | Moody's: A1
|
| Standard & Poor's: A
|
| Fitch: A+
|
| Price guidance: | Treasuries plus 102 bps
|
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