CAF taps 2027 Kangaroo for first time

By William Chambers
29 Nov 2017

Corporacion Andina de Fomento tapped its September 2027 Kangaroo line on Tuesday, the first increase since it opened the line in March.

The A$75m ($56.9m) tap was priced through Nomura at mid-swaps plus 38bp. The line carries a coupon of 4.5%.

Mark Yeomans, executive director of public sector origination at Nomura, said: “We initially announced a $A50m tap but increased to A$75m given strong demand. There was good participation ...

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