Andean Devel Corp says places $500 mln bonds in US
Reuters, 05.15.03, 3:09 PM ET
CARACAS, Venezuela, May 15 (Reuters) - The Andean Development Corporation (CAF), the financing arm of the Andean community of nations, said on Thursday it had placed $500 million in 10-year bonds in the U.S. market.
CAF President Enrique Garcia said in a statement the notes were placed Wednesday with a coupon of 5.20 percent in an operation conducted through Merrill Lynch, Citigroup, Credit Suisse First Boston, Deutsche Bank and Goldman Sachs.
The largest multilateral lender to the Andean nations, CAF estimates it will provide about $3 billion in loans to the region in 2003. Last year, the agency approved about $3.3 billion in loans.
Copyright 2003, Reuters News Service