New Issue: KfW prices $1.5 billion three-year floaters to yield one-month Libor plus 5 bps

By Andrea Heisinger

New York, Jan. 15 - Germany's KfW sold $1.5 billion of three-year floating-rate global notes (Aaa/AAA/AAA) on Tuesday at par to yield one-month Libor plus 5 basis points, a market source told Prospect News.

Bookrunners were Bank of America Merrill Lynch, Morgan Stanley & Co. LLC and RBC Capital Markets LLC.

The notes from the Frankfurt-based development bank are guaranteed by the Federal Republic of Germany.

Issuer:	KfW
Guarantor:	Federal Republic of Germany
Issue:	Floating-rate global notes
Amount:	$1.5 billion
Maturity:	Jan. 23, 2015
Bookrunners:	Bank of America Merrill Lynch, Morgan Stanley & Co. LLC, RBC Capital Markets LLC
Coupon:	One-month Libor plus 5 bps
Price:	Par
Yield:	One-month Libor plus 5 bps
Trade date:	Jan. 15
Settlement date:	Jan. 23
Ratings:	Moody's: Aaa
	Standard & Poor's: AAA
	Fitch: AAA

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