Commentary & Deal Flow

Guidance: 7yr: MS+57a

• Issuer: Corporacion Andina de Fomento (Ticker: CAF)
• Ratings: AA+/Aa3/AA- (S&P/Moody's/Fitch)
• Format: Reg S, Registered
• Size: €1bn (no grow)
• Ranking: Senior Unsecured
• Settlement: 26-May-26 (T+5)
• Maturity: 26-May-33
• Coupon: TBD, Fixed, Annual
• Day Count: Act/Act (ICMA)
• Guidance: MS + 57 bps area
• Governing Law: English
• Listing: London Stock Exchange
• Denominations: €100k x 1k
• Target Market: For MIFID II/UK MiFIR purposes, all target markets and all distribution channels are eligible
• Documentation: Issuer’s EMTN Programme
• Use of Proceeds: Eligible Green Projects in accordance with CAF's 2025 Sustainable Finance Framework
• ISIN: XS3385967230
• Bookrunners: BNP Paribas / BofA / Deutsche Bank / DZ / Natixis
• Timing: Books open, today's business