New Issue: KfW sells $1 billion three-year notes at par to yield 1.875%

By Andrea Heisinger

New York, Feb. 22 - KfW sold $1 billion of three-year global notes on Monday at par to yield 1.875%, according to an FWP filing with the Securities and Exchange Commission.

The notes (Aaa/AAA/AAA) are callable at par on March 8, 2011.

Bank of America Merrill Lynch and Goldman Sachs & Co. ran the books.

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

Issuer:	KfW
Issue:	Global notes
Amount:	$1 billion
Maturity:	March 8, 2013
Bookrunners:	Bank of America Merrill Lynch, Goldman Sachs & Co.
Coupon:	1.875%
Price:	Par
Yield:	1.875%
Call:	At par on March 8, 2011
Trade date:	Feb. 22
Settlement date:	March 8
Ratings:	Moody's: Aaa
	Standard & Poor's: AAA
	Fitch: AAA

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