Filed Pursuant to Rule 433
Dated October 19, 2023
Registration No. 333-274855
Corporación Andina de Fomento
USD 1,750,000,000 of 6.000% Notes due 2027
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 | |
Transaction Type: | SEC Registered | |
Currency: | U.S. Dollars (“USD”) | |
Total Principal Amount: | USD 1,750,000,000 | |
Offering Price: | 99.894% | |
Gross Proceeds (excluding accrued interest): | USD 1,748,145,000 | |
Underwriting Discount: | .100% | |
Trade Date: | October 19, 2023 | |
Settlement: | October 26, 2023 (T+5) | |
Maturity: | April 26, 2027 | |
Coupon: | 6.000% per annum, payable semi-annually | |
Spread to SOFR Mid-Swap: | 125 bps | |
Benchmark Instrument: | UST 4.625% due October 15, 2026 | |
Benchmark Instrument Price/Yield: | 98-29+ / 5.018% | |
Spread to Benchmark Instrument: | 101.6 bps | |
Yield to Maturity: | 6.034% | |
Interest Payment Frequency: | Semi-annual | |
Interest Payment Dates: | April 26 and October 26, commencing on April 26, 2024 | |
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. Daiwa Capital Markets Europe Limited Goldman Sachs International HSBC Securities (USA) Inc. | |
Names and Addresses of Representatives: | BofA Securities, Inc. One Bryant Park New York, NY 10036 United States
Daiwa Capital Markets Europe Limited 5 King William Street London EC4N 7AX United Kingdom
Goldman Sachs International Plumtree Court 25 Shoe Lane London EC4A 4AU United Kingdom
HSBC Securities (USA) Inc. 452 Fifth Avenue New York, NY 10018 United States | |
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: 219868CH7 ISIN: US219868CH71 |
(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).
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/947438/000119312523258074/d530671d424b3.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 you request it by calling BofA Securities, Inc. at +1 (800) 294-1322, Daiwa Capital Markets Europe Limited at +44 (0) 207 597 8000, Goldman Sachs International at +44 (0) 207 774 4836 or HSBC Securities (USA) Inc. at +1 (866) 811-8049.
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