New Issue: KfW prices $3 billion 4.5% 10-year notes at Treasuries plus 52 bps

By Andrea Heisinger

Omaha, June 3 - KfW priced $3 billion 4.5% 10-year global notes on Tuesday to yield Treasuries plus 52 basis points, according to market sources and an FWP filing with the Securities and Exchange Commission.

The notes (Aaa/AAA/AAA) priced at 99.697.

Bookrunners were J.P. Morgan Securities Inc., Nomura Securities and UBS Investment Bank.

Co-managers were Citigroup Global Markets Inc., Credit Suisse Securities, Goldman Sachs & Co. International, HSBC Securities, Lehman Brothers Inc., Merrill Lynch, Pierce, Fenner & Smith Inc., Mitsubishi UFJ Securities International plc, Morgan Stanley & Co., Inc., RBC Capital Markets and the Royal Bank of Scotland.

The German development bank is based in Frankfurt.

Issuer:	KfW
Issue:	Global notes
Amount:	$3 billion
Maturity:	July 16, 2018
Bookrunners:	J.P. Morgan Securities Inc., Nomura Securities, UBS Investment Bank
Co-managers:	Citigroup Global Markets Inc., Credit Suisse Securities, Goldman Sachs & Co. International, HSBC Securities, Lehman Brothers Inc., Merrill Lynch, Pierce, Fenner & Smith Inc., Mitsubishi UFJ Securities International plc, Morgan Stanley & Co., Inc., RBC Capital Markets, the Royal Bank of Scotland
Coupon:	4.5%
Price:	99.697
Spread:	Treasuries plus 52 bps
Trade date:	June 3
Settlement date:	June 10
Ratings:	Moody's: Aaa
	Standard & Poor's: AAA
	Fitch: AAA

© 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.