By Andrea Heisinger
New York, April 24 - KfW was in the market Wednesday with a $1 billion offering of notes due November 2014 (Aaa/AAA/) priced at par to yield 0.283%, a market source said.
Pricing was at a spread of mid-swaps minus 5 basis points.
Bookrunners were Citigroup Global Markets Inc. and Morgan Stanley & Co. LLC.
The German government-owned development bank is based in Frankfurt.
| Issuer: | KfW
|
| Issue: | Notes
|
| Amount: | $1 billion
|
| Maturity: | Nov. 3, 2014
|
| Bookrunners: | Citigroup Global Markets Inc., Morgan Stanley & Co. LLC
|
| Coupon: | 0.283%
|
| Price: | Par
|
| Yield: | 0.283%
|
| Spread: | Mid-swaps minus 5 bps
|
| Trade date: | April 24
|
| Settlement date: | May 2
|
| Ratings: | Moody's: Aaa
|
| Standard & Poor's: AAA
|
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