By Devika Patel and Cristal Cody
Knoxville, Tenn., Jan. 11 – KfW (Aaa/AAA/AAA) priced $5 billion of 1.25% three-year global notes on Tuesday at 99.852, according to an FWP filed with the Securities and Exchange Commission.
BofA Securities, Citigroup and TD Securities were the bookrunners.
The notes were initially talked to price with a spread in the mid-swaps plus 13 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
|
| Amount: | $5 billion
|
| Issue: | Global notes
|
| Maturity: | Jan. 31, 2025
|
| Bookrunners: | BofA Securities, Citigroup and TD Securities
|
| Coupon: | 1.25%
|
| Price: | 99.852
|
| Call: | Callable at par
|
| 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 13 bps area
|
| Cusip: | 500769JR6
|
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