New Issue: KfW prices $4 billion 4% 10-year global bullet notes at 99.657

By Andrea Heisinger

New York, Jan. 20 - KfW sold $4 billion of 4% 10-year global notes on Wednesday at 99.657, according to an FWP filing with the Securities and Exchange Commission.

The sale went overnight from Tuesday to include more investors from Asia and Europe, a source said.

The notes (Aaa/AAA/AAA) are non-callable.

Bookrunners were Goldman Sachs & Co., J.P. Morgan Securities and UBS Investment Bank.

Co-managers were Bank of America Merrill Lynch, Barclays Capital, BNP Paribas Securities, Citigroup Global Markets, Deutsche Bank Securities, HSBC Securities, Mitsubishi UFJ Securities, Morgan Stanley & Co., Nomura International and RBC Capital Markets.

The German government-owned development bank is based in Frankfurt.

Issuer:	KfW
Issue:	Global notes
Amount:	$4 billion
Maturity:	Jan. 27, 2020
Bookrunners:	Goldman Sachs & Co., J.P. Morgan Securities, UBS Investment Bank
Co-managers:	Bank of America Merrill Lynch, Barclays Capital, BNP Paribas Securities, Citigroup Global Markets, Deutsche Bank Securities, HSBC Securities, Mitsubishi UFJ Securities, Morgan Stanley & Co., Nomura International, RBC Capital Markets
Coupon:	4%
Price:	99.657
Call:	Non-callable
Trade date:	Jan. 20
Settlement date:	Jan. 27
Ratings:	Moody's: Aaa
	Standard & Poor's: AAA
	Fitch: AAA

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