By Aaron Hochman-Zimmerman
New York, Jan. 25 - Corporacion Andina de Fomento (A1/A+/A+) reopened its 5¾% notes due 2017 for $250 million at Treasuries plus 235 basis points, according to press release.
The spread matched initial guidance of Treasuries plus 235 bps.
The deal came at a price of 98.007 to yield 6.041%.
The original offer of the 5¾% notes came at $250 million on Sept. 7, 2006 and was later reopened for another $250 million on Jan. 23, 2007. The total principal amount of series is now $750 million.
Credit Suisse was the bookrunner for the registered deal.
Proceeds from the sale will be used for general corporate purposes.
CAF, which has headquarters in Caracas, Venezuela, is a multilateral regional bank for Andean development and integration.
| Issuer: | Corporacion Andina de Fomento
|
| Amount: | $250 million
|
| Issue: | Retap of 5¾% notes
|
| Maturity: | Jan. 12, 2017
|
| Coupon: | 5¾%
|
| Price: | 98.007
|
| Yield: | 6.041%
|
| Spread: | | Treasuries plus 235 bps
|
| Bookrunner: | Credit Suisse
|
| Pricing date: | Jan. 24
|
| Settlement date: | Jan. 31
|
| Distribution: | Off shelf
|
| Ratings: | Moody's: A1
|
| Standard & Poor's: A+
|
| Fitch: A+
|
| Talk: | Treasuries plus 235 bps
|
© 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.
