By Cristal Cody
Tupelo, Miss., Feb. 28 – KfW priced $4 billion of 1.75% three-year global notes (Aaa/AAA/AAA) on Tuesday at 99.993 with a spread of Treasuries plus 31.5 basis points, according to a market source and an FWP filing with the Securities and Exchange Commission.
The notes will be guaranteed by the Federal Republic of Germany.
Citigroup Global Markets Inc., Morgan Stanley & Co. LLC and Nomura International plc were the managers.
KfW is a government-backed bank based in Frankfurt.
Issuer: | KfW
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Guarantor: | Federal Republic of Germany
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Amount: | $4 billion
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Description: | Global notes
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Maturity: | March 31, 2020
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Bookrunners: | Citigroup Global Markets Inc., Morgan Stanley & Co. LLC and Nomura International plc
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Coupon: | 1.75%
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Price: | 99.993
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Spread: | Treasuries plus 31.5 bps
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Trade date: | Feb. 28
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Settlement date: | March 7
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Ratings: | Moody’s: Aaa
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| S&P: AAA
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| Fitch: AAA
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Distribution: | SEC registered
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