Published on 11/5/2014 in the Prospect News Emerging Markets Daily.
New Issue: Venezuela’s CAF prices CHF 225 million 1½% notes due 2028 at 42 bps over mid-swaps
By Christine Van Dusen
Atlanta, Nov. 5 – Venezuela’s Corporacion Andina de Fomento (CAF) priced CHF 225 million 1½% notes due Dec. 1, 2028 (Aa3/AA-/AA-) at 100.266 to yield mid-swaps plus 42 basis points, a market source said.
Credit Suisse and UBS were the bookrunners for the deal.
CAF is a lender based in Caracas, Venezuela.
| Issuer: | Corporacion Andina de Fomento (CAF)
|
| Amount: | CHF 225 million
|
| Maturity: | Dec. 1, 2028
|
| Description: | Notes
|
| Bookrunners: | Credit Suisse, UBS
|
| Coupon: | 1½%
|
| Price: | 100.266
|
| Spread: | Mid-swaps plus 42 bps
|
| Trade date: | Nov. 5
|
| Settlement date: | Dec. 1
|
| Ratings: | Moody’s: Aa3
|
| Standard & Poor’s: AA-
|
| Fitch: AA-
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
