By Reshmi Basu
New York, April 18 - KfW sold a ZAR 2 billion offering of 8½% global notes due July 16, 2010 (Aaa/AAA/AAA), according to a term sheet filed with the Securities and Exchange Commission.
The notes priced at 99.46. Payments will be made in dollars unless holders elect to receive payments in the South African rand.
The securities will be guaranteed by the Federal Republic of Germany.
KfW is a government-owned financial institution based in Frankfurt.
| Issuer: | KfW
|
| Guarantor: | Federal Republic of Germany
|
| Amount: | ZAR 2 billion
|
| Issue: | Global notes
|
| Maturity: | July 16, 2010
|
| Coupon: | 8½%
|
| Issue price: | 99.46
|
| Pricing date: | April 18
|
| Settlement date: | April 26
|
| Distribution: | Securities and Exchange Commission-registered
|
| Ratings: | Moody's: Aaa
|
| Standard & Poor's: AAA
|
| Fitch: AAA
|
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