By Andrea Heisinger
New York, Feb. 20 - Germany's KfW sold $5 billion of 0.5% three-year notes on Wednesday to yield mid-swaps plus 2 basis points, an informed source said.
The notes (Aaa/AAA/AAA) priced at 99.679 to yield 0.603%.
Bookrunners were BofA Merrill Lynch, Deutsche Bank Securities Inc. 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: | Notes
|
| Amount: | $5 billion
|
| Maturity: | April 19, 2016
|
| Bookrunners: | BofA Merrill Lynch, Deutsche Bank Securities Inc., RBC Capital Markets LLC
|
| Coupon: | 0.5%
|
| Price: | 99.679
|
| Yield: | 0.603%
|
| Spread: | Mid-swaps plus 2 bps
|
| Trade date: | Feb. 20
|
| Settlement date: | Feb. 26
|
| Ratings: | Moody's: Aaa
|
| Standard & Poor's: AAA
|
| Fitch: AAA
|
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