CAF Euro Return Grows

CAF Euro Return Grows

Bonds Structured Finance

CAF, the Caracas-based Andean multilateral, has priced a five-year euro-denominated bond issue, its first since May 2004. The EUR300 million FRN due November 16, 2011 priced at par to yield 40bp over Euribor. It was rated A1/A/A+ and done through Calyon and HSBC. Guidance was mid-40bps over three-month Euribor. The issue was expected to be at least EUR200 million and came more than seven times oversubscribed, according to a person close to the transaction. The Reg S deal was under London law and

Already have an account?

Free trial

Take a free two-week trial now for the latest news, data and market analysis.

Free Trial