Filed pursuant to Rule 433
Dated January 19, 2023
Registration No. 333-267056
Corporación Andina de Fomento
USD 1,500,000,000 of 4.75% Notes due 2026
| Issuer: | Corporación Andina de Fomento | |
| Ratings(1): | Moody’s: Aa3 (Stable) / S&P: AA- (Positive) / 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 | |
| Transaction Type: | SEC Registered | |
| Currency: | U.S. Dollars (“USD”) | |
| Total Principal Amount: | USD 1,500,000,000 | |
| Offering Price: | 99.782% | |
| Gross Proceeds (excluding accrued interest): | USD 1,496,730,000 | |
| Underwriting Discount: | 0.100% | |
| Trade Date: | January 19, 2023 | |
| Settlement: | January 26, 2023 (T+5) | |
| Maturity: | April 1, 2026 | |
| Coupon: | 4.75% per annum, payable semi-annually | |
| Spread to SOFR Mid-Swap: | +125 bps | |
| Benchmark Instrument: | UST 3.875% due January 15, 2026 | |
| Benchmark Instrument Price/Yield: | 100-11 1/4 / 3.749% | |
| Spread to Benchmark Instrument: | +107.8 bps | |
| Yield to Maturity: | 4.827% | |
| Interest Payment Frequency: | Semi-annual | |
| Interest Payment Dates: | April 1 and October 1, with a first interest payment date on April 1, 2023 | |
| 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: | BofA Securities, Inc. Citigroup Global Markets Limited Deutsche Bank AG, London Branch Goldman Sachs International | |
- 1 -
| Names and Addresses of Representatives: | BofA Securities, Inc. One Bryant Park New York, NY 10036 United States
Citigroup Global Markets Limited Citigroup Centre Canada Square Canary Wharf London E14 5LB United Kingdom
Deutsche Bank AG, London Branch Winchester House 1 Great Winchester Street London EC2N 2DB United Kingdom
Goldman Sachs International Plumtree Court 25 Shoe Lane London EC4A 4AU 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: 219868 CG9 ISIN: US219868CG98 | |
| (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. |
UK MiFIR Professionals/ECPs-only – Manufacturer target market (UK MiFIR product governance) is eligible counterparties and professional clients only (all distribution channels).
MiFID Professionals/ECPs-only – Manufacturer target market (MiFID product governance) is eligible counterparties and professional clients only (all distribution channels).
No EEA or UK PRIIPs KID – No EEA or UK PRIIPs key information document (KID) has been prepared.
This communication is intended for the sole use of the person to whom it is provided by the issuer.
A preliminary prospectus supplement of CAF accompanies the free-writing prospectus and is available from the SEC’s website at https://www.sec.gov/Archives/edgar/data/947438/000119312523009901/d414978d424b3.htm
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
- 2 -
you request it by calling BofA Securities, Inc. at +1 (800) 294-1322, Citigroup Global Markets Limited at +44 (0) 207 986 9000, Deutsche Bank AG, London Branch at +44 (0) 207 545 4361 or Goldman Sachs International at +44 (0) 207 774 1000.
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.
- 3 -