Filed Pursuant to Rule 433
Dated September 15, 2020
Registration No. 333-237669
Corporación Andina de Fomento
USD 750,000,000 of 1.625% Notes due 2025
Issuer: | Corporación Andina de Fomento | |
Ratings(1): | Moody’s: Aa3 (Stable) / S&P: A+ (Stable) / Fitch: A+ (Negative) | |
Security Status: | Senior unsecured notes; not secured by any property or assets; notes rank equally with all other unsecured and unsubordinated indebtedness | |
Transaction Type: | SEC Registered | |
Currency: | U.S. Dollars | |
Total Principal Amount: | USD 750,000,000 | |
Offering Price: | 99.742% | |
Gross Proceeds (excluding accrued interest): | USD 748,065,000 | |
Trade Date: | September 15, 2020 | |
Settlement: | September 23, 2020 (T+6) | |
Maturity: | September 23, 2025 | |
Coupon: | 1.625% per annum, payable semi-annually | |
Spread to Mid-Swap: | +135 bps | |
Mid-Swap Spread: | 6 bps | |
Benchmark Instrument: | UST 0.250% due August 31, 2025 | |
Benchmark Instrument Price/Yield: | 99-29 / 0.269% | |
Spread to Benchmark Instrument: | +141 bps | |
Yield to Maturity: | 1.679% | |
Interest Rate Payment Frequency: | Semi-annual | |
Interest Payment Dates: | March 23 and September 23, with first interest payment date on March 23, 2021 | |
Interest Rate Basis: | 30/360 | |
Business Day Convention: | Modified Following, Unadjusted | |
Redemption Provisions: | Redeemable in whole, but not in part, for tax reasons | |
Sinking Fund Provisions: | No sinking fund provisions | |
Form: | Global note held by depositary or the depositary’s custodian | |
Denominations: | Denominations of USD 1,000.00 and integral multiples of USD 1,000.00 in excess thereof | |
Clearing: | DTC / Euroclear / Clearstream | |
Joint Book-Running Managers: | Citigroup Global Markets Limited Daiwa Capital Markets America Inc. Goldman Sachs International Nomura International plc | |
Names and Addresses of Representatives: | Citigroup Global Markets Limited Citigroup Centre Canada Square Canary Wharf London E14 5LB United Kingdom
Daiwa Capital Markets America Inc. Financial Square 32 Old Slip New York, New York 10005 United States of America
Goldman Sachs International Plumtree Court 25 Shoe Lane London EC4A 4AU United Kingdom
Nomura International plc 1 Angel Lane London EC4R 3AB United Kingdom | |
Governing Law: | New York | |
Listing: | Application will be made to admit the notes to the official list of the Financial Conduct Authority and to the regulated market of the London Stock Exchange | |
CUSIP/ISIN: | CUSIP: 219868CD6 ISIN: US219868CD67 | |
(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).
This communication is intended for the sole use of the person to whom it is provided by the issuer.
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 at www.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 Citigroup Global Markets Limited at +44 (0) 20-7986-9000, Daiwa Capital Markets America Inc. at +1-212-612-7000, Goldman Sachs International at +44 (0) 20-7774-3904 or Nomura International plc at +44 (0) 20-7103-5652.
ANY DISCLAIMERS OR OTHER NOTICES THAT MAY APPEAR BELOW ARE NOT APPLICABLE TO THIS COMMUNICATION AND SHOULD BE DISREGARDED. SUCH DISCLAIMERS OR OTHER NOTICES WERE AUTOMATICALLY GENERATED AS A RESULT OF THIS COMMUNICATION BEING SENT VIA BLOOMBERG OR ANOTHER EMAIL SYSTEM.