By Aleesia Forni
New York, Jan. 20 – KfW priced $2 billion of floating-rate global notes (Aaa/AAA) due Dec. 29, 2017 on Wednesday at par to yield Libor plus 16 basis points, according to an informed source and an FWP filed with the Securities and Exchange Commission.
The notes sold inside price guidance set in the Libor plus 17 bps area.
The deal was upsized from $1 billion.
BNP Paribas Securities Corp., Goldman Sachs & Co. and J.P. Morgan Securities LLC were the bookrunners.
The German government-owned development bank is based in Frankfurt.
| Issuer: | KfW
|
| Guarantor: | Federal Republic of Germany
|
| Amount: | $2 billion
|
| Description: | Global notes
|
| Maturity: | Dec. 29, 2017
|
| Bookrunners: | BNP Paribas Securities Corp., Goldman Sachs & Co., J.P. Morgan Securities LLC
|
| Coupon: | Libor plus 16 bps
|
| Price: | Par
|
| Yield: | Libor plus 16 bps
|
| Trade date: | Jan. 20
|
| Settlement date: | Jan. 29
|
| Ratings: | Moody’s: Aaa
|
| Standard & Poor’s: AAA
|
| Distribution: | SEC registered
|
| Price guidance: | Libor plus 17 bps area
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
