New Issue: KfW sells $3 billion of 1.25% five-year notes at 99.624

By Andrea Heisinger

New York, Sept. 27 - KfW priced $3 billion of 1.25% five-year notes on Tuesday at 99.624, according to an FWP filing with the Securities and Exchange Commission.

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

Bookrunners were Credit Suisse Securities (USA) LLC, Morgan Stanley & Co. LLC and RBC Capital Markets Corp.

Barclays Capital Inc., BNP Paribas Securities Corp., Bank of America Merrill Lynch, Citigroup Global Markets Inc., Deutsche Bank Securities Inc., Goldman Sachs & Co., J.P. Morgan Securities LLC, Mitsubishi UFJ Securities (USA) Inc., RBS Securities Inc. and UBS Securities LLC were the co-managers.

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

Issuer:	KfW
Issue:	Global notes
Amount:	$3 billion
Maturity:	Oct. 5, 2016
Bookrunners:	Credit Suisse Securities (USA) LLC, Morgan Stanley & Co. LLC, RBC Capital Markets Corp.
Co-managers:	Barclays Capital Inc., BNP Paribas Securities Corp., Bank of America Merrill Lynch, Citigroup Global Markets Inc., Deutsche Bank Securities Inc., Goldman Sachs & Co., J.P. Morgan Securities LLC, Mitsubishi UFJ Securities (USA) Inc., RBS Securities Inc., UBS Securities LLC
Coupon:	1.25%
Price:	99.624
Call:	Non-callable
Trade date:	Sept. 27
Settlement date:	Oct. 5
Ratings:	Moody's: Aaa
	Standard & Poor's: AAA
	Fitch: AAA

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.