New Issue: KfW prices $3 billion 4% five-year notes at Treasuries plus 83.5 bps

By Andrea Heisinger

Omaha, July 8 - KfW priced $3 billion 4% five-year global notes Tuesday to yield Treasuries plus 83.5 basis points, according to an FWP filing with the Securities and Exchange Commission.

The notes (Aaa/AAA/AAA) priced at 99.897.

Bookrunners were Goldman Sachs & Co., J.P. Morgan Securities Inc. and Morgan Stanley & Co., Inc.

Co-managers were Barclays Capital, BNP Paribas Securities, Citigroup Global Markets, Daiwa Securities SMBC Europe, HSBC Securities, Lehman Brothers Inc., Merrill Lynch & Co., RBC Capital Markets, The Royal Bank of Scotland and TD Securities.

The German development bank is based in Frankfurt.

Issuer:	KfW
Issue:	Global notes
Amount:	$3 billion
Maturity:	Oct. 15, 2013
Bookrunners:	Goldman Sachs & Co., J.P. Morgan Securities Inc., Morgan Stanley & Co., Inc.
Co-managers:	Barclays Capital, BNP Paribas Securities, Citigroup Global Markets, Daiwa Securities SMBC Europe, HSBC Securities, Lehman Brothers Inc., Merrill Lynch & Co., RBC Capital Markets, The Royal Bank of Scotland, TD Securities
Coupon:	4%
Price:	99.897
Spread:	Treasuries plus 83.5 bps
Call:	Non-callable
Trade date:	July 8
Settlement date:	July 15
Ratings:	Moody's: Aaa
	Standard & Poor's: AAA
	Fitch: AAA

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