CAF Raises Tight CHF Funds

CAF Raises Tight CHF Funds

Venezuela Europe Bonds

Corporacion Andina de Fomento (CAF) has raised CHF250m ($272m) in new 2021 bonds, pricing slightly inside its dollar curve, according to sources following the process. The Venezuela-based development bank priced at 100.094 with a 1.375% coupon to yield 1.363%, or mid-swaps plus 55bp, at the tight end of 57bp-area guidance. Bankers encouraged the multilateral to opt for a longer tenor as it would allow the issuer to gain more access to accounts outside of the private retail investor space. In the

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