New Issue: KfW sells $4 billion 1.875% three-year notes at 99.889

By Andrea Heisinger

New York, Jan. 5 - KfW priced $4 billion of 1.875% three-year notes on Tuesday at 99.889, according to an FWP filing with the Securities and Exchange Commission.

Bookrunners for the notes (Aaa/AAA/AAA) were Goldman Sachs & Co., Morgan Stanley and UBS Investment Bank.

Co-managers were Bank of America Merrill Lynch, Barclays Capital, BNP Paribas Securities, Deutsche Bank Securities, DZ Bank AG, HSBC Securities, J.P. Morgan Securities, Nomura Securities, RBC Capital Markets and TD Securities.

The German development bank is based in Frankfurt.

Issuer:	KfW
Issue:	Global notes
Amount:	$4 billion
Maturity:	Jan. 14, 2013
Bookrunners:	Goldman Sachs & Co., Morgan Stanley, UBS Investment Bank
Co-managers:	Bank of America Merrill Lynch, Barclays Capital, BNP Paribas Securities, Deutsche Bank Securities, DZ Bank AG, HSBC Securities, J.P. Morgan Securities, Nomura Securities, RBC Capital Markets, TD Securities
Coupon:	1.875%
Price:	99.889
Trade date:	Jan. 5
Settlement date:	Jan. 12
Ratings:	Moody's: Aaa
	Standard & Poor's: AAA
	Fitch: AAA

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