New Issue: KfW prices $5 billion 2% three-year notes at 99.878

By Andrea Heisinger

New York, Jan. 7 - KfW priced $5 billion of 2% three-year global notes Wednesday, according to an FWP filing with the Securities and Exchange Commission.

The notes (Aaa/AAA/AAA) priced at 99.878.

Bookrunners were Citigroup Global Markets Inc., HSBC Securities and J.P. Morgan Securities Inc.

Co-managers were Barclays Capital, Credit Suisse Securities, Deutsche Bank Securities, Goldman Sachs International, Merrill Lynch & Co., Morgan Stanley & Co. Inc., Nomura Securities, RBC Capital Markets, the Royal Bank of Scotland plc and UBS Investment Bank.

The government-owned bank is based in Frankfurt, Germany.

Issuer:	KfW
Issue:	Global notes
Amount:	$5 billion
Maturity:	Jan. 17, 2012
Bookrunners:	Citigroup Global Markets Inc., HSBC Securities, J.P. Morgan Securities Inc.
Co-managers:	Barclays Capital, Credit Suisse Securities, Deutsche Bank Securities, Goldman Sachs International, Merrill Lynch & Co., Morgan Stanley & Co. Inc., Nomura Securities, RBC Capital Markets, the Royal Bank of Scotland plc, UBS Investment Bank
Coupon:	2%
Price:	99.878
Trade date:	Jan. 7
Settlement date:	Jan. 14
Ratings:	Moody's: Aaa
	Standard & Poor's: AAA
	Fitch: AAA

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