New Issue: KfW prices $4 billion of 1% two-year global notes at 99.945

By Cristal Cody

Eureka Springs, Ark., Aug. 31 – KfW (Aaa/AAA/AAA) sold $4 billion of 1% two-year global notes at 99.945 on Wednesday, according to an FWP filing with the Securities and Exchange Commission.

Goldman Sachs International, Nomura Securities International, Inc. and RBC Capital Markets, LLC were the managers.

The notes are guaranteed by the Federal Republic of Germany.

KfW is a government-backed bank based in Frankfurt.

Issuer:	KfW
Guarantor:	The Federal Republic of Germany
Amount:	$4 billion
Maturity:	Sept. 7, 2018
Securities:	Global notes
Bookrunners:	Goldman Sachs International, Nomura Securities International, Inc., RBC Capital Markets, LLC
Coupon:	1%
Price:	99.945
Pricing date:	Aug. 31
Settlement date:	Sept. 7
Ratings:	Moody’s: Aaa
	S&P: AAA
Distribution:	SEC registered
Listing:	Luxembourg Stock Exchange

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