Published on 2/13/2018 in the Prospect News Investment Grade Daily.
New Issue: KfW sells $1.5 billion 2.25% global notes due November 2019 at 99.993
By Devika Patel
Knoxville, Tenn., Feb. 13 – KfW (Aaa/AAA//AAA) priced $1.5 billion of 2.25% global notes due Nov. 5, 2019 on Tuesday at 99.993, according to an FWP filed with the Securities and Exchange Commission.
Deutsche Bank Securities Inc., Goldman Sachs & Co. and Morgan Stanley & Co. LLC were the bookrunners.
KfW is a government-backed bank based in Frankfurt. The notes will be guaranteed by the Federal Republic of Germany.
Issuer: | KfW
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Guarantor: | Federal Republic of Germany
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Description: | Global notes
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Amount: | $1.5 billion
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Maturity: | Nov. 5, 2019
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Bookrunners: | Deutsche Bank Securities Inc., Goldman Sachs & Co. and Morgan Stanley & Co. LLC
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Stabilization manager: | Deutsche Bank Securities Inc., London branch
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Coupon: | 2.25%
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Price: | 99.993
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Trade date: | Feb. 13
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Settlement date: | Feb. 22
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Ratings: | Moody’s: Aaa
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| S&P: AAA
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| Scope: AAA
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Distribution: | SEC registered
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