By William Gullotti and Cristal Cody
Buffalo, N.Y., April 21 – KfW (Aaa/AAA//Scope: AAA) priced $5 billion of 3% global notes due May 20, 2027 at 99.831 on Thursday, according to an FWP filing with the Securities and Exchange Commission.
The SEC-registered notes will be guaranteed by Germany.
BMO Capital Markets, JPMorgan and RBC Capital Markets are the managers.
The notes will be listed on the Luxembourg Stock Exchange.
Prior to pricing, the notes had been talked in the SOFR mid-swaps plus 33 basis points area.
KfW is a German government-backed bank based in Frankfurt.
| Issuer: | KfW
|
| Guarantor: | Federal Republic of Germany
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| Amount: | $5 billion
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| Issue: | Global notes
|
| Maturity: | May 20, 2027
|
| Managers: | BMO Capital Markets, JPMorgan and RBC Capital Markets
|
| Coupon: | 3%
|
| Price: | 99.831
|
| Pricing date: | April 21
|
| Settlement date: | April 28
|
| Issuer ratings: | Moody’s: Aaa
|
| S&P: AAA
|
| Scope: AAA
|
| Distribution: | SEC registered
|
| Price talk: | SOFR mid-swaps plus 33 bps area
|
| Cusip: | 500769JT2
|
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