By Aleesia Forni
Virginia Beach, Jan. 13 – KfW priced $3 billion of 1% three-year notes (Aaa/AAA/AAA) on Tuesday at mid-swaps minus 5 basis points, according to a market source and a FWP filed with the Securities and Exchange Commission.
Price talk was set in the area of mid-swaps minus 4 bps.
The notes priced at 99.828.
The bookrunners were HSBC Securities, Nomura and TD Securities.
The German government-owned development bank is based in Frankfurt.
| Issuer: | KfW
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| Guarantor: | Federal Republic of Germany
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| Amount: | $3 billion
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| Description: | Notes
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| Maturity: | Jan. 26, 2018
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| Bookrunners: | HSBC Securities, Nomura, TD Securities
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| Coupon: | 1%
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| Price: | 99.828
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| Spread: | Mid-swaps minus 5 bps
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| Trade date: | Jan. 13
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| Settlement date: | Jan. 21
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| Ratings: | Moody’s: Aaa
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| Standard & Poor’s: AAA
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| Fitch: AAA
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| Distribution: | SEC-registered
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| Price talk: | Mid-swaps minus 4 bps area
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