By Wendy Van Sickle and Cristal Cody
Columbus, Ohio, Feb. 24 – KfW (Aaa/AAA//Scope: AAA) priced $5 billion of 0.25% global notes due March 8, 2024 at 99.739 on Wednesday, according to an FWP filing with the Securities and Exchange Commission.
Deutsche Bank, RBC Capital Markets and TD Securities are the managers.
The benchmark Securities and Exchange Commission-registered notes will be guaranteed by the Federal Republic of Germany, as previously reported.
The notes were talked to yield in the mid-swaps plus 2 bps area, according to a market source.
KfW is a German government-backed bank based in Frankfurt.
| Issuer: | KfW
|
| Guarantor: | Federal Republic of Germany
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| Issue: | Global notes
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| Amount: | $5 billion
|
| Maturity: | March 8, 2024
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| Managers: | Deutsche Bank, RBC Capital Markets and TD Securities
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| Coupon: | 0.25%
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| Price: | 99.739
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| Pricing date: | Feb. 24
|
| Settlement date: | March 3
|
| Issuer ratings: | Moody’s: Aaa
|
| S&P: AAA
|
| Scope: AAA
|
| Distribution: | SEC registered
|
| Talk: | Mid-swaps plus 2 bps area yield
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