New Issue: KfW sells $2 billion 2.375% 10-year global notes at 99.735

By Andrea Heisinger

New York, Aug. 18 - Germany's KfW sold $2 billion of 2.375% 10-year global notes on Thursday at 99.735, according to an FWP filing with the Securities and Exchange Commission.

The notes (Aaa/AAA/AAA) are non-callable.

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

Barclays Capital Inc., BNP Paribas Securities Corp., Citigroup Global Markets Inc., Credit Suisse Securities, J.P. Morgan Securities LLC, Mitsubishi UFJ Securities International plc, Morgan Stanley & Co., Inc., RBC Capital Markets LLC, RBS Securities Inc. and UBS Securities LLC were the co-managers.

The government-owned development bank is based in Frankfurt.

Issuer:	KfW
Issue:	Global notes
Amount:	$2 billion
Maturity:	Aug. 25, 2021
Bookrunners:	Bank of America Merrill Lynch, Deutsche Bank Securities Inc., Goldman Sachs & Co.
Co-managers:	Barclays Capital Inc., BNP Paribas Securities Corp., Citigroup Global Markets Inc., Credit Suisse Securities, J.P. Morgan Securities LLC, Mitsubishi UFJ Securities International plc, Morgan Stanley & Co., Inc., RBC Capital Markets LLC, RBS Securities Inc., UBS Securities LLC
Coupon:	2.375%
Price:	99.735
Call:	Non-callable
Trade date:	Aug. 18
Settlement date:	Aug. 25
Ratings:	Moody's: Aaa
	Standard & Poor's: AAA
	Fitch: AAA

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