Commentary & Deal Flow

Reoffer: 7yr: MS+50bp / 99.555 / 3.573%
Benchmark: 7yr: DBR 2.3 15-Feb-33 @ 95.94 / B+60.0 / HR 103%

Final Books in excess of €10.4bn (incl €150m JLM). Peak book in excess of €10.8bn (incl €150m JLM).

Launched: 7yr: €1bn @ MS+50bp - Books in excess of €10.8bn (incl €150m JLM)
Rev Guidance: 7yr: MS+54a - Books in excess of €5.5bn (incl. €150m JLM)
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
• Settlement: 26-May-26 (T+5)
• Maturity: 26-May-33
• Coupon: 3.500%, Fixed, Annual
• Spread: MS+50bp
• Re-offer: 99.555% / 3.573%
• Day Count: Act/Act (ICMA)
• 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 Bank, Natixis (DM/B&D)
• Timing: TOE: 13.31 UKT / 14.41 CET. FTT immediately