Filed Pursuant to Rule 433
Dated February 6, 2019
Registration No. 333-225593
PRICING TERM SHEET
Corporación Andina de Fomento
U.S.$ 1,250,000,000 of 3.250% Notes due 2022
Issuer: | Corporación Andina de Fomento | |
Ratings(1): | Moody’s: Aa3 (Stable) / S&P:AA- (Negative) / Fitch:AA- (Negative) | |
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: | 99.779% plus accrued interest, if any, from February 11, 2019 | |
Gross Proceeds: | U.S.$ 1,247,237,500 | |
Trade Date: | February 6, 2019 | |
Settlement Date: | February 11, 2019 (T+3) | |
Maturity Date: | February 11, 2022 | |
Coupon: | 3.250% per annum | |
Spread toMid-Swap: | 72 bps | |
Mid-Swap Spread: | 12.25 bps | |
Benchmark Instrument: | UST 2.500% due February 15, 2022 | |
Benchmark Instrument Price/Yield: | 100.25 / 2.486% | |
Spread to Benchmark Instrument: | +84.2bps | |
Yield to Maturity: | 3.328% | |
Interest Rate Payment Frequency: | Semi-annual | |
Interest Payment Dates: | February 11 and August 11, with first interest payment date on August 11, 2019 | |
Interest Rate Basis: | 30/360 | |
Business Day Convention: | Modified Following, Unadjusted | |
Redemption Provisions: | None | |
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 Goldman Sachs International HSBC Securities (USA) Inc. J.P. Morgan Securities plc |
Names and Addresses of Representatives: | Barclays Bank PLC 5 The North Colonnade Canary Wharf London E14 4BB United Kingdom
Goldman Sachs International Peterborough Court 133 Fleet St London EC4A 2BB United Kingdom
HSBC Securities (USA) Inc. 452 Fifth Avenue New York, NY 10018
J.P. Morgan Securities plc 25 Bank Street Canary Wharf London E14 5JP United Kingdom | |
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: US219868CB02 CUSIP: 219868 CB0 |
(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.
MiFID II professionals/ECPs-only – Manufacturer target market (MIFID II product governance) is eligible counterparties and professional clients only (all distribution channels).
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, Goldman Sachs International toll-free at+1-866-471-2526, HSBC Securities (USA) Inc. toll-free at +1 (866)811-8049 or J.P. Morgan Securities plc toll-free at+1-866-803-9204.
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