Published on 5/24/2011 in the Prospect News Investment Grade Daily.
New Issue: KfW prices $5 billion 2% five-year notes at 99.726
By Andrea Heisinger
New York, May 24 - KfW sold $5 billion of 2% five-year notes on Tuesday at 99.726, according to an FWP filing with the Securities and Exchange Commission.
The notes (Aaa/AAA/AAA) are non-callable.
Bookrunners were Goldman Sachs & Co., Morgan Stanley & Co. Inc. and UBS Securities LLC.
Co-managers were Barclays Capital Inc., BNP Paribas Securities, Bank of America Merrill Lynch, Citigroup Global Markets Inc., Credit Suisse Securities, Deutsche Bank Securities Inc., HSBC Securities, Mizuho International plc, RBC Capital Markets and RBS Securities Inc.
The development bank for Germany 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: | June 1, 2016
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Bookrunners: | Goldman Sachs & Co., Morgan Stanley & Co. Inc., UBS Securities LLC
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Co-managers: | Barclays Capital Inc., BNP Paribas Securities, Bank of America Merrill Lynch, Citigroup Global Markets Inc., Credit Suisse Securities, Deutsche Bank Securities Inc., HSBC Securities, Mizuho International plc, RBC Capital Markets, RBS Securities Inc.
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Coupon: | 2%
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Price: | 99.726
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Call: | Non-callable
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Trade date: | May 24
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Settlement date: | June 1
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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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