New Issue: KfW prices $4 billion 2.75% 10-year global notes at 99.29

By Andrea Heisinger

New York, Aug. 31 - KfW priced $4 billion of 2.75% 10-year guaranteed global notes on Tuesday at 99.29, according to an FWP filing with the Securities and Exchange Commission.

The notes (Aaa/AAA/AAA) are non-callable and are guaranteed by the Republic of Germany.

Bookrunners were Bank of America Merrill Lynch, Goldman Sachs & Co. and J.P. Morgan Securities Inc.

Barclays Capital Inc., Citigroup Global Markets, Credit Suisse Securities, Goldman Sachs & Co. Inc., HSBC Securities, Mitsubishi UFJ Securities International plc, Nomura International, RBC Capital Markets, TD Securities and UBS Investment Bank were the co-managers.

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

Issuer:	KfW
Guarantor:	Republic of Germany
Issue:	Global notes
Amount:	$4 billion
Maturity:	Sept. 8, 2020
Bookrunners:	Bank of America Merrill Lynch, Goldman Sachs & Co., J.P. Morgan Securities Inc.
Co-managers:	Barclays Capital Inc., Citigroup Global Markets, Credit Suisse Securities, Goldman Sachs & Co. Inc., HSBC Securities, Mitsubishi UFJ Securities International plc, Nomura International, RBC Capital Markets, TD Securities, UBS Investment Bank
Coupon:	2.75%
Price:	99.29
Call:	Non-callable
Trade date:	Aug. 31
Settlement date:	Sept. 8
Ratings:	Moody's: Aaa
	Standard & Poor's: AAA
	Fitch: AAA

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