By Angela McDaniels
Tacoma, Wash., Feb. 24 - KfW priced $1.5 billion two-year floating-rate notes at par to yield three-month Libor plus 27.5 basis points, according to a 424B3 filing with the Securities and Exchange Commission.
The non-callable notes (Aaa) pay interest quarterly.
Goldman Sachs International and Morgan Stanley & Co. Inc. were the bookrunners.
The government-owned bank is based in Frankfurt, Germany.
| Issuer: | KfW
|
| Issue: | Floating-rate notes
|
| Amount: | $1.5 billion
|
| Maturity: | March 2, 2011
|
| Bookrunners: | Goldman Sachs International and Morgan Stanley & Co. Inc.
|
| Coupon: | Three-month Libor plus 27.5 bps
|
| Price: | Par
|
| Yield: | Three-month Libor plus 27.5 bps
|
| Call option: | Non-callable
|
| Trade date: | Feb. 24
|
| Settlement date: | March 2
|
| Rating: | Moody's: Aaa
|
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