Filed Pursuant to Rule 433
Dated July 11, 2017
Registration No. 333-217434
PRICING TERM SHEET
Corporación Andina de Fomento
U.S.$1,250,000,000 of 2.200% Notes due 2020
Issuer: | Corporación Andina de Fomento | |
Ratings(1): | Moody’s: Aa3 (Stable) / S&P: AA- (Stable) / Fitch: AA- (Stable) | |
Security Status: | Senior unsecured notes; not secured by any property or assets; notes rank equally with all other unsecured and unsubordinated indebtedness | |
Format: | SEC Registered | |
Currency: | U.S. Dollars | |
Total Principal Amount: | U.S.$ 1,250,000,000 | |
Offering Price: | 99.905% plus accrued interest, if any, from July 18, 2017 | |
Gross Proceeds: | U.S.$1,248,812,500 | |
Trade Date: | July 11, 2017 | |
Settlement Date: | July 18, 2017 (T+5) | |
Maturity Date: | July 18, 2020 | |
Coupon: | 2.200% per annum | |
Spread to Mid-Swap: | +45 bps | |
Mid-Swap Yield: | 1.780% | |
Benchmark Instrument: | UST 1.500% due June 15, 2020 | |
Benchmark Instrument Yield: | 1.577% | |
Spread to Benchmark Instrument: | +65.6 bps | |
Yield to Maturity: | 2.233% | |
Interest Rate Payment Frequency: | Semi-annual | |
Interest Payment Dates: | January 18 and July 18, with first interest payment date on January 18, 2018 | |
Interest Rate Basis: | 30/360 | |
Business Day Convention: | Modified Following, Unadjusted | |
Redemption Provisions: | Notes may not be redeemed prior to July 18, 2020 | |
Sinking Fund Provisions: | No sinking fund provisions |
Form: | Global note held by depositary or the depositary’s custodian | |
Denominations: | Denominations of U.S.$1,000 and integral multiples of U.S.$1,000 in excess thereof | |
Clearing: | DTC / Euroclear / Clearstream | |
Joint Book-Running Managers: | Barclays Bank PLC Deutsche Bank Securities Inc. Merrill Lynch, Pierce, Fenner & Smith Incorporated | |
Names and Addresses of Representatives: | Barclays Bank PLC 5 The North Colonnade Canary Wharf London E14 4BB United Kingdom
Deutsche Bank Securities Inc. 60 Wall Street New York, NY 10005
Merrill Lynch, Pierce, Fenner & Smith Incorporated One Bryant Park New York, NY 10036 | |
Governing Law: | State of New York | |
Listing: | Application will be made to admit the notes to the official list of the United Kingdom Listing Authority and to the regulated market of the London Stock Exchange | |
CUSIP/ISIN: | ISIN: US219868BY14 CUSIP: 219868 BY1 |
(1) | These securities ratings have been provided by Moody’s, S&P and Fitch Ratings. These ratings are not a recommendation to buy, sell or hold these securities. Each rating may be subject to revision or withdrawal at any time, and should be evaluated independently of any other rating. |
The issuer has filed a registration statement (including a prospectus) with the U.S. Securities and Exchange Commission (“SEC”) for the offering to which this communication relates. Before you invest, you should read the prospectus in that registration statement and other documents the issuer has filed with the SEC for more complete information about the issuer and this offering. You may get these documents for free by visiting EDGAR on the SEC Web site atwww.sec.gov. Alternatively, the issuer, any underwriter or any dealer participating in the offering will arrange to send you a copy of the prospectus if you request it by calling Barclays Bank PLC toll-free at +1 (888) 603-5847, Merrill Lynch, Pierce, Fenner & Smith Incorporated toll-free at +1 (800) 294-1322 and Deutsche Bank Securities Inc. toll-free at +1 (800) 503-4611.
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