KfW preps $1 billion offering of three-year floaters; pricing expected Wednesday

By Andrea Heisinger

New York, March 6 - Germany's KfW announced a $1 billion offering of three-year floating-rate notes on Tuesday, an informed source said.

The notes (Aaa/AAA/AAA) are being talked in the Libor plus 7 basis points area. Pricing is expected on Wednesday.

Citigroup Global Markets Inc. and Credit Suisse Securities (USA) LLC are the bookrunners.

The government-owned development bank is based in Frankfurt.

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