CAF taps 2027 Kangaroo for first time

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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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