Filed pursuant to Rule 433
Dated September 4, 2024
Registration No. 333-281069
Corporación Andina de Fomento
USD 1,000,000,000 4.125% Notes due 2028
| 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 1,000,000,000 | |
| Offering Price: | 99.824% | |
| Net Proceeds: | USD 997,240,000 | |
| Underwriting Discount: | 0.100% | |
| All-in Price: | 99.724% | |
| All-in Yield: | 4.216% | |
| Trade Date: | September 4, 2024 | |
| Settlement: | September 11, 2024 (T+5) | |
| Maturity: | January 7, 2028 | |
| Coupon: | 4.125% per annum, payable semi-annually | |
| Spread to SOFR Mid-Swap: | 80 bps | |
| Benchmark Instrument: | UST 3.750% due August 15, 2027 | |
| Benchmark Instrument Price/Yield: | 100-07+ / 3.67% | |
| Spread to Benchmark Instrument: | +51.9bps | |
| Yield to Maturity: | 4.184% | |
| Interest Payment Frequency: | Semi-annual | |
| Interest Payment Dates: | January 7 and July 7, commencing on January 7, 2025 | |
| Short First Coupon: | $13.5208 per denomination | |
| 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. Goldman Sachs International Morgan Stanley & Co. International plc | |
| Names and Addresses of Representatives: | BofA Securities, Inc. One Bryant Park New York, NY 10036 United States
BMO Capital Markets Corp. 151 W 42nd Street New York, NY 10036 United States
Goldman Sachs International Plumtree Court 25 Shoe Lane London, EC4A 4AU United Kingdom
Morgan Stanley & Co. International plc 25 Cabot Square Canary Wharf London, E14 4QA 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: 219868CK0 ISIN: US219868CK01 | |
(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.
FCA/ICMA stabilization applies.
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 as the securities will not be available to retail in the UK or EEA.
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/947438/000119312524211550/d89410d424b3.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, BMO Capital Markets Corp. at +1 (888) 200 0266, Goldman Sachs International at +44 (0) 207 774 4836 or Morgan Stanley & Co. International plc at +1 (866) 718 1649.
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.