New Issue: KfW sells $4 billion 1.25% five-year guaranteed notes at 99.456

By Andrea Heisinger

New York, Oct. 19 - KfW priced $4 billion of 1.25% five-year guaranteed global notes on Tuesday at 99.456, according to an FWP filing with the Securities and Exchange Commission.

The notes (Aaa/AAA/AAA) were talked in the mid-swaps flat area and are non-callable.

Bookrunners were Goldman Sachs & Co. International, Nomura Securities and RBC Capital Markets Corp.

Co-lead managers were Barclays Capital Inc., Bank of America Merrill Lynch, Citigroup Global Markets Inc., Credit Suisse Securities (USA) LLC, HSBC Securities USA Inc., J.P. Morgan Securities LLC, Mizuho Securities International Inc., Morgan Stanley & Co. Inc., TD Securities and UBS Securities LLC.

The notes are guaranteed by the Federal Republic of Germany.

The government-owned development bank is based in Frankfurt.

Issuer:	KfW
Guarantor:	Federal Republic of Germany
Issue:	Global notes
Amount:	$4 billion
Maturity:	Oct. 26, 2015
Bookrunners:	Goldman Sachs & Co. International, Nomura Securities, RBC Capital Markets Corp.
Co-managers:	Barclays Capital Inc., Bank of America Merrill Lynch, Citigroup Global Markets Inc., Credit Suisse Securities (USA) LLC, HSBC Securities USA Inc., J.P. Morgan Securities LLC, Mizuho Securities International Inc., Morgan Stanley & Co. Inc., TD Securities, UBS Securities LLC
Coupon:	1.25%
Price:	99.456
Call:	Non-callable
Trade date:	Oct. 19
Settlement date:	Oct. 26
Ratings:	Moody's: Aaa
	Standard & Poor's: AAA
	Fitch: AAA

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.