By Cristal Cody
Eureka Springs, Ark., Jan. 10 – KfW sold $5 billion of 2.125% five-year global notes (Aaa/AAA) at 99.51 on Tuesday, according to a market source and an FWP filing with the Securities and Exchange Commission.
The notes due March 7, 2022 priced with a spread of 35.8 basis points over Treasuries.
The issue is guaranteed by the Federal Republic of Germany.
Deutsche Bank Securities Inc., Goldman Sachs International and TD Securities were the managers.
KfW is a government-backed bank based in Frankfurt.
| Issuer: | KfW
|
| Guarantor: | Federal Republic of Germany
|
| Amount: | $5 billion
|
| Description: | Global notes
|
| Maturity: | March 7, 2022
|
| Bookrunners: | Deutsche Bank Securities Inc., Goldman Sachs International, TD Securities
|
| Coupon: | 2.125%
|
| Price: | 99.51
|
| Spread: | Treasuries plus 35.8 bps
|
| Trade date: | Jan. 10
|
| Settlement date: | Jan. 18
|
| Ratings: | Moody’s: Aaa
|
| S&P: AAA
|
| Distribution: | SEC registered
|
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