By Wendy Van Sickle and Cristal Cody
Columbus, Ohio, April 8 – KfW (Aaa/AAA//Scope: AAA) priced $5 billion of 0.25% global notes due April 25, 2023 at 99.98 on Thursday, according to an FWP filing with the Securities and Exchange Commission.
Barclays, Citigroup and TD Securities are the managers.
The benchmark SEC-registered notes will be guaranteed by Germany, as previously reported.
The notes were talked to come in line or flat with mid-swaps, or no spread over the reference rate.
KfW is a German government-backed bank based in Frankfurt.
| Issuer: | KfW
|
| Guarantor: | Federal Republic of Germany
|
| Issue: | Global notes
|
| Amount: | $5 billion
|
| Maturity: | April 25, 2023
|
| Managers: | Barclays, Citigroup and TD Securities
|
| Coupon: | 0.25%
|
| Price: | 99.98
|
| Pricing date: | April 8
|
| Settlement date: | April 15
|
| Issuer ratings: | Moody’s: Aaa
|
| S&P: AAA
|
| Scope: AAA
|
| Distribution: | SEC registered
|
| Talk: | Mid-swaps plus no spread
|
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