Filed pursuant to Rule 433

Dated February 1, 2022

Registration No. 333-257860

Corporación Andina de Fomento

USD 650,000,000 of 2.25% Notes due 2027

 

Issuer:		Corporación Andina de Fomento
Ratings(1):		Moody’s: Aa3 (Stable) / S&P: A+ (Positive) / Fitch: A+ (Positive)
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
Total Principal Amount:		USD 650,000,000
Offering Price:		99.582%
Gross Proceeds (excluding accrued interest):		USD 647,283,000
Trade Date:		February 1, 2022
Settlement:		February 8, 2022 (T+5)
Maturity:		February 8, 2027
Coupon:		2.25% per annum, payable semi-annually
Spread to SOFR Mid-Swap:		+85 bps
Mid-Swap Spread:		-14.25 bps
Benchmark Instrument:		UST 1.5% due January 31, 2027
Benchmark Instrument Price/Yield:		99-12 / 1.631%
Spread to Benchmark Instrument:		+70.75 bps
Yield to Maturity:		2.339%
Interest Rate Payment Frequency:		Semi-annual
Interest Payment Dates:		February 8 and August 8, with first interest payment date on August 8, 2022
Interest Rate Basis:		30/360
Business Day Convention:		Modified Following, Unadjusted

 

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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:		BNP Paribas Goldman Sachs International Morgan Stanley & Co. International plc Nomura International plc
Names and Addresses of Representatives:		BNP Paribas 16 boulevard des Italiens 75009 Paris France   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   Nomura International plc 1 Angel Lane London EC4R 3AB 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 CF1 ISIN: US219868CF16

 

(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.

 

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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.

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 BNP Paribas at +44 20 7595 8222, Goldman Sachs International +44(0)20 7774 1000, Morgan Stanley & Co. International plc +1 (866) 718-1649, or Nomura International plc +44(0) 20 7103 5652.

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.

 

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