By Devika Patel
Knoxville, Tenn., Jan. 11 – KfW (Aaa/AAA//Scope: AAA) priced $5 billion of 2.375% global notes due Dec. 29, 2022 on Thursday at 99.501, according to an FWP filed with the Securities and Exchange Commission.
Barclays, Deutsche Bank Securities Inc. and Morgan Stanley & Co. LLC are the lead managers.
The notes were initially talked to price with a spread in the mid-swaps plus 14 basis points area.
KfW is a government-backed bank based in Frankfurt. The notes will be guaranteed by the Federal Republic of Germany.
| Issuer: | KfW
|
| Guarantor: | Federal Republic of Germany
|
| Description: | Global notes
|
| Amount: | $5 billion
|
| Maturity: | Dec. 29, 2022
|
| Bookrunners: | Barclays, Deutsche Bank Securities Inc. and Morgan Stanley & Co. LLC
|
| Coupon: | 2.375%
|
| Price: | 99.501
|
| Trade date: | Jan. 11
|
| Settlement date: | Jan. 19
|
| Ratings: | Moody’s: Aaa
|
| S&P: AAA
|
| Scope: AAA
|
| Distribution: | SEC registered
|
| Price talk: | Mid-swaps plus 14 bps area
|
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