By Andrea Heisinger
New York, March 7 - Germany's KfW priced a $1 billion offering of three-year floating-rate notes on Wednesday at par to yield Libor plus 7 basis points, an informed source said.
The notes (Aaa/AAA/AAA) were priced in line with guidance in the Libor plus 7 bps area.
Citigroup Global Markets Inc. and Credit Suisse Securities (USA) LLC were the bookrunners.
The government-owned development bank is based in Frankfurt.
| Issuer: | KfW
|
| Issue: | Floating-rate notes
|
| Amount: | $1 billion
|
| Maturity: | March 13, 2015
|
| Bookrunners: | Citigroup Global Markets Inc., Credit Suisse Securities (USA) LLC
|
| Coupon: | Libor plus 7 bps
|
| Price: | Par
|
| Yield: | Libor plus 7 bps
|
| Trade date: | March 7
|
| Settlement date: | March 13
|
| Ratings: | Moody's: Aaa
|
| Standard & Poor's: AAA
|
| Fitch: AAA
|
| Price talk: | Libor plus 7 bps area
|
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