Published on 7/7/2010 in the Prospect News Investment Grade Daily.
New Issue: KfW prices $5 billion 1.375% three-year notes at mid-swaps plus 18 bps
By Andrea Heisinger
New York, July 7 - KfW priced $5 billion of 1.375% three-year global notes on Wednesday to yield mid-swaps plus 18 basis points, according to an FWP filing with the Securities and Exchange Commission and a market source.
The non-callable notes (Aaa/AAA/AAA) priced at 99.734.
Bookrunners were Barclays Capital, Morgan Stanley and RBS Securities.
Co-managers were Bank of America Merrill Lynch, Credit Suisse Securities Inc., Deutsche Bank Securities, Goldman Sachs & Co., HSBC Securities, J.P. Morgan Securities, Mitsubishi UFJ Securities, Nomura International, RBC Capital Markets and TD Securities.
The German government-owned development bank is based in Frankfurt.
Issuer: | KfW
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Issue: | Global notes
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Amount: | $5 billion
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Maturity: | July 15, 2013
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Bookrunners: | Barclays Capital, Morgan Stanley, RBS Securities
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Co-managers: | Bank of America Merrill Lynch, Credit Suisse Securities, Deutsche Bank Securities, Goldman Sachs & Co., HSBC Securities, J.P. Morgan Securities, Mitsubishi UFJ Securities, Nomura International, RBC Capital Markets, TD Securities
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Coupon: | 1.375%
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Price: | 99.734
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Spread: | Mid-swaps plus 18 bps
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Call: | Non-callable
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Trade date: | July 7
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Settlement date: | July 14
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Ratings: | Moody's: Aaa
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| Standard & Poor's: AAA
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| Fitch: AAA
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Distribution: | SEC registered
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