By Cristal Cody
Tupelo, Miss., Nov. 8 – KfW (Aaa/AAA/AAA) sold $3 billion of 1.875% three-year global notes on Wednesday at 99.829, according to an FWP filing with the Securities and Exchange Commission.
BMO Capital Markets Corp., J.P. Morgan Securities LLC and TD Securities (USA) LLC were the managers.
The notes will be guaranteed by the Federal Republic of Germany and listed on the Luxembourg Stock Exchange.
KfW is a government-backed bank based in Frankfurt.
| Issuer: | KfW
|
| Guarantor: | Federal Republic of Germany
|
| Amount: | $3 billion
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| Description: | Global notes
|
| Maturity: | Dec. 15, 2020
|
| Bookrunners: | BMO Capital Markets Corp., J.P. Morgan Securities plc and TD Securities (USA) LLC
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| Stabilization manager: | J.P. Morgan Securities plc
|
| Coupon: | 1.875%
|
| Price: | 99.829
|
| Trade date: | Nov. 8
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| Settlement date: | Nov. 15
|
| Ratings: | Moody’s: Aaa
|
| S&P: AAA
|
| Fitch: AAA
|
| Distribution: | SEC registered
|
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