CAF Returns for HKD

Corporacion Andina de Fomento (CAF) has returned to the Hong Kong bond market, with a HKD940m ($121m) private placement, according to people familiar with the sale. The Venezuela-based multilateral lender’s 2028 priced at par with a 4.27% coupon. HSBC led the transaction. CAF raised its first-ever HKD bond sale in March 2012, pricing a 2022 bond at 4.03%, also through HSBC.