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CARACAS - Corporación Andina de Fomento (CAF) announced Friday an amendment to the final terms of its 850,000,000,000 7.40 percent Notes due June 2035, which are payable in U.S. dollars.
The amendment specifically changes the definition of "FX Rate" under paragraph 22 of the Final Terms. According to the notice, the USD/IDR rate will now be defined as "the weighted average spot rate in the interbank market based on traded IDR/USD Spot exchange transactions during a specified time period."
This rate will be captured in real time, expressed as Indonesian Rupiah (IDR) per U.S. Dollar for settlement in two Jakarta Business Days. The rate is published by Bank Indonesia at approximately 4:15 p.m. Jakarta time as the Jakarta Interbank Spot Dollar USD-IDR.
The amendment also includes provisions for potential future changes, stating that if FX Definitions are amended such that IDR04 is replaced by a successor price source, the FX Rate will be determined according to that successor definition.
All other provisions of the Final Terms for the Notes, which are identified by the ISIN code XS3107148283, remain unchanged.
The issuer has submitted a copy of the amended Final Terms to the National Storage Mechanism, which will be available on the Financial Conduct Authority’s data portal.
The information was provided in a press release statement distributed through the London Stock Exchange (LON:LSEG)’s news service.
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