CAF Adds Liquidity To 2017 Bond

Corporación Andina de Fomento (CAF) has reopened its 5.75% of 2017 bond for $250 million to take the total size to $500 million. The price was 99.503 to yield 4.796%, or 102bp over US Treasuries. It was rated A1/A/A+. Merrill Lynch was the sole lead on the tap of the bond that was first issued in September 2006. The deal, due January 12, 2007, is the first of the year from CAF, which continues a program of diversifying its funding and reducing cost.