CAF Goes Back Down Under

CAF Goes Back Down Under

Venezuela Bonds Australia

Corporacion Andina de Fomento (CAF) has raised AUD225m ($213m) in Australia’s bond market, according to people familiar with the transaction, returning for a longer duration than it got with its first so-called kangaroo bond. The LatAm development bank drew more than AUD225m demand, allowing it to upsize from AUD100m expectations. The AA minus/Aa3/A+ lender priced the 2023 bond at 99.469 with a 6.250% coupon to yield 6.322%, or mid-swaps plus 195bp, in line with 195bp guidance. Australian invest

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