By Andrea Heisinger
New York, March 15 - KfW reopened an issue of floating-rate global notes due 2014 on Thursday to add $750 million, a market source said.
The notes (Aaa/AAA/) were priced at 100.374 and have a coupon of Libor plus 18 basis points.
Total issuance is $2 billion, including $1.25 billion sold on Jan. 11 to yield Libor plus 18 bps.
Bank of America Merrill Lynch and BNP Paribas Securities Corp. were the bookrunners.
The German government-owned development bank is based in Frankfurt.
| Issuer: | KfW
|
| Issue: | Floating-rate global notes, reopened
|
| Amount: | $750 million
|
| Maturity: | Jan. 17, 2014
|
| Bookrunners: | Bank of America Merrill Lynch, BNP Paribas Securities Corp.
|
| Coupon: | Libor plus 18 bps
|
| Price: | 100.374
|
| Trade date: | March 15
|
| Settlement date: | March 22
|
| Ratings: | Moody's: Aaa
|
| Standard & Poor's: AAA
|
| Total issuance: | $2 billion, including $1.25 billion priced on Jan. 11
|
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