By Marisa Wong
Los Angeles, Oct. 11 – KfW (Aaa/AAA/Scope: AAA) priced a benchmark $6 billion offering of fixed-rate global notes in two parts on Wednesday, according to FWP filings with the Securities and Exchange Commission.
KfW priced $4 billion of 5.125% notes due Sept. 29, 2025 at 99.983 and $2 billion of 4.75% notes due Oct. 29, 2030 at 99.721.
The SEC-registered notes will be guaranteed by Germany.
BofA Securities Europe SA, J.P. Morgan SE, HSBC Continental Europe and Toronto-Dominion Bank are the managers. Toronto-Dominion Bank acted as stabilization manager.
KfW is a government-backed bank based in Frankfurt.
| Issuer: | KfW
|
| Guarantor: | Germany
|
| Amount: | $6 billion
|
| Issue: | Global notes
|
| Managers: | BofA Securities Europe SA, J.P. Morgan SE, HSBC Continental Europe and Toronto-Dominion Bank
|
| Pricing date: | Oct. 11
|
| Settlement date: | Oct. 18
|
| Listing: | Luxembourg
|
| Issuer ratings: | Moody’s: Aaa
|
| S&P: AAA
|
| Scope: AAA
|
| Distribution: | SEC registered
|
|
|
| 2025 notes
|
| Amount: | $4 billion
|
| Maturity: | Sept. 29, 2025
|
| Coupon: | 5.125%
|
| Price: | 99.983
|
| Cusip: | 500769KA1
|
|
|
| 2030 notes
|
| Amount: | $2 billion
|
| Maturity: | Oct. 29, 2030
|
| Coupon: | 4.75%
|
| Price: | 99.721
|
| Cusip: | 500769KB9
|
|
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
