Published on 10/1/2013 in the Prospect News Agency DailyProspect News Investment Grade Daily.
New Issue: KfW sells $1 billion notes due 2014 at Federal Funds rate plus 5 bps
By Aleesia Forni
Virginia Beach, Oct. 1- KfW sold $1 billion of floating-rate notes (Aaa/AAA/AAA) due Oct. 30, 2014 at par on Tuesday to yield Federal Funds rate plus 5 basis points, according to an FWP filed with the Securities and Exchange Commission.
Barclays and Goldman Sachs International managed the sale.
The German government-owned development bank is based in Frankfurt.
| Issuer: | KfW
|
| Guarantor: | Federal Republic of Germany
|
| Issue: | Floating-rate global notes
|
| Amount: | $1 billion
|
| Maturity: | Oct. 30, 2014
|
| Bookrunner: | Barclays, Goldman Sachs International
|
| Coupon: | Federal Funds rate plus 5 bps
|
| Price: | Par
|
| Yield: | Federal Funds rate plus 5 bps
|
| Call: | Non-callable
|
| Trade date: | Oct. 1
|
| Settlement date: | Oct. 7
|
| Distribution: | SEC registered
|
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