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Published on 10/23/2013 in the Prospect News Agency DailyProspect News Investment Grade Daily.

New Issue: Germany's KfW sells $4 billion 0.625% notes due 2016 at 99.689

By Aleesia Forni

Virginia Beach, Oct. 23 - KfW priced $4 billion of 0.625% global notes due Dec. 15, 2016 on Wednesday at 99.689, according to an FWP filing with the Securities and Exchange Commission.

The notes (Aaa/AAA/AAA) are guaranteed by the Federal Republic of Germany.

HSBC Securities, Nomura and RBC Capital Markets managed the sale.

The German government-owned development bank is based in Frankfurt.

Issuer:KfW
Guarantor:Federal Republic of Germany
Amount:$4 billion
Description:Global notes
Maturity:Dec. 15, 2016
Managers:HSBC Securities, Nomura, RBC Capital Markets
Coupon:0.625%
Price:99.689
Trade date:Oct. 23
Settlement date:Oct. 30
Ratings:Moody's: Aaa
Standard & Poor's: AAA
Fitch: AAA
Distribution:SEC registered

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