By Wendy Van Sickle and Cristal Cody
Columbus, Ohio, Feb. 4 – KfW (Aaa/AAA//Scope: AAA) priced $1 billion of floating-rate global notes due Feb. 12, 2024 at 102.603 and a coupon of 100 basis points over SOFR on Thursday, according to an FWP filing with the Securities and Exchange Commission.
Bank of Montreal Europe plc, Citigroup Global Markets Europe AG and the Toronto-Dominion Bank are the managers.
Proceeds will be used for the bank’s general business.
The notes were talked to yield in the SOFR plus 15 bps area, according to a market source.
KfW is a German government-backed bank based in Frankfurt.
| Issuer: | KfW
|
| Issue: | Floating-rate global notes
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| Amount: | $1 billion
|
| Maturity: | Feb. 12, 2024
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| Managers: | Bank of Montreal Europe plc, Citigroup Global Markets Europe AG and the Toronto-Dominion Bank
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| Coupon: | SOFR plus 100 bps
|
| Price: | 102.603
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| Pricing date: | Feb. 4
|
| Issue date: | Feb. 12
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| Issuer ratings: | Moody’s: Aaa
|
| S&P: AAA
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| Scope: AAA
|
| Distribution: | SEC registered
|
| Talk: | SOFR plus 15 bps area yield
|
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