CORPORACION Andina de Fomento (CAF) this week made its biggest attempt yet to develop its name in the European market before the euro's introduction, by launching a Regulation S-only $200m five year offering. The deal, led by Deutsche Bank and Merrill Lynch, was increased from $150m and priced at an attractive spread of 105bp over Treasuries, on top of its Yankee bond yield curve. The bond traded around its launch spread in the secondary market.
May 15, 1998