KfW talks two-year guaranteed notes at mid-swaps minus 4 bps area

By Devika Patel

Knoxville, Tenn., Aug. 22 – KfW plans to sell benchmark dollar-denominated fixed-rate senior notes (Aaa/AAA/AAA) due Sept. 9, 2019 at initial price talk in the mid-swaps minus 4 basis points area, according to a market source.

The notes will be guaranteed by the Federal Republic of Germany.

The notes are expected to price on Wednesday and will settle on Aug 30.

BofA Merrill Lynch, BNP Paribas Securities Corp. and J.P. Morgan Securities LLC are the bookrunners.

KfW is a Frankfurt-based government-backed bank.

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