New Issue: KfW prices $3 billion 2.25% three-year notes at Treasuries plus 100.75 bps

By Andrea Heisinger

New York, April 7 - KfW priced $3 billion of 2.25% three-year global notes Tuesday at Treasuries plus 100.75 basis points, according to an informed source and an FWP filing with the Securities and Exchange Commission.

The notes (Aaa/AAA/AAA) priced at 99.83.

Bookrunners were Barclays Capital Inc., HSBC Securities and J.P. Morgan Securities Inc.

Co-managers were BNP Paribas Securities Corp., Citigroup Global Markets Inc., Credit Suisse Securities, Merrill Lynch & Co., Morgan Stanley & Co. Inc., Nomura Securities, RBC Capital Markets Corp., the Royal Bank of Scotland and UBS Investment Bank.

The German government-owned bank is based in Frankfurt.

Issuer:	KfW
Issue:	Global notes
Amount:	$3 billion
Maturity:	April 16, 2012
Bookrunners:	Barclays Capital Inc., HSBC Securities, J.P. Morgan Securities Inc.
Co-managers:	BNP Paribas Securities Corp., Citigroup Global Markets Inc., Credit Suisse Securities, Merrill Lynch & Co., Morgan Stanley & Co. Inc., Nomura Securities, RBC Capital Markets Corp., the Royal Bank of Scotland, UBS Investment Bank
Coupon:	2.25%
Price:	99.83
Spread:	Treasuries plus 100.75 bps
Call:	Non-callable
Trade date:	April 7
Settlement date:	April 16
Ratings:	Moody's: Aaa
	Standard & Poor's: AAA
	Fitch: AAA

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