By Andrea Heisinger
New York, July 16 - KfW sold $5 billion of 0.5% global notes due Sept. 30, 2015 (Aaa/AAA/AAA) on Tuesday, pricing them at mid-swaps flat, a market source said.
Pricing was at 99.931. There is no call option.
The notes are guaranteed by the Federal Republic of Germany.
Bookrunners were BNP Paribas Securities Corp., Credit Suisse Securities (USA) LLC and Morgan Stanley & Co. LLC.
The German government-owned development bank is based in Frankfurt.
| Issuer: | KfW
|
| Guarantor: | Federal Republic of Germany
|
| Issue: | Global guaranteed notes
|
| Amount: | $5 billion
|
| Maturity: | Sept. 30, 2015
|
| Bookrunners: | BNP Paribas Securities Corp., Credit Suisse Securities (USA) LLC, Morgan Stanley & Co. LLC
|
| Coupon: | 0.5%
|
| Price: | 99.931
|
| Spread: | Mid-swaps flat
|
| Call: | Non-callable
|
| Trade date: | July 16
|
| Settlement date: | July 23
|
| Ratings: | Moody's: Aaa
|
| Standard & Poor's: AAA
|
| Fitch: AAA
|
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