CAF Issues Samurai Bonds

The Andean Development Corporation (known as CAF in its Spanish initials) issued two sets of Samurai bonds worth $184 million. $138 million worth of three-year bonds are set to yield 6.96 percent at par, while $46 million worth of seven-year bonds will yield 15.72 percent. The sale was managed by Mizuho Securities and Nomura Securities. CAF’s principal shareholders are Venezuela, Colombia, Ecuador, Peru and Bolivia.