By Sheri Kasprzak
New York, March 9 - KfW sold $1.25 billion of three-year floating-rate global notes on Wednesday at par to yield three-month Libor flat, according to an FWP filing with the Securities and Exchange Commission.
The notes (Aaa/AAA/AAA) were priced through HSBC and JPMorgan.
Proceeds will be used for general corporate purposes.
Based in Frankfurt, KfW is a government-owned development bank.
| Issuer: | KfW
|
| Guarantor: | Federal Republic of Germany
|
| Issue: | Notes
|
| Amount: | $1.25 billion
|
| Maturity: | March 17, 2014
|
| Bookrunners: | HSBC, JPMorgan
|
| Coupon: | Three-month Libor flat
|
| Price: | Par
|
| Yield: | Three-month Libor flat
|
| Ratings: | Moody's: Aaa
|
| Standard & Poor's: AAA
|
| Fitch: AAA
|
| Pricing date: | March 9
|
| Settlement date: | March 17
|
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