By Andrea Heisinger
New York, Jan. 18 - KfW priced an upsized $1.5 billion of two-year floating-rate notes on Tuesday at par to yield Libor flat, according to a market source away from the sale.
The notes (Aaa/AAA/AAA) are non-callable. The deal size was increased from $1 billion.
Credit Suisse Securities (USA) LLC and Morgan Stanley & Co. Inc. were the bookrunners.
The German development bank is based in Frankfurt.
| Issuer: | KfW
|
| Issue: | Floating-rate global bonds
|
| Amount: | $1.5 billion, increased from $1 billion
|
| Maturity: | Jan. 25, 2013
|
| Bookrunners: | Credit Suisse Securities (USA) LLC, Morgan Stanley & Co. Inc.
|
| Coupon: | Three-month Libor flat
|
| Price: | Par
|
| Yield: | Three-month Libor flat
|
| Call: | Non-callable
|
| Trade date: | Jan. 18
|
| Settlement date: | Jan. 25
|
| Ratings: | Moody's: Aaa
|
| Standard & Poor's: AAA
|
| Fitch: AAA
|
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