Published on 8/23/2013 in the Prospect News Investment Grade Daily.
New Issue: KfW sells $250 million 13-month floaters at Federal Funds plus 7 bps
By Aleesia Forni
Virginia Beach, Va., Aug. 23 - KfW sold $250 million of floating-rate notes due Sept. 22, 2014 at par on Friday to yield Federal Funds rate plus 7 basis points, according to a 424B3 filing with the Securities and Exchange Commission.
BNP Paribas Securities Corp. was the bookrunner.
The German government-owned development bank is based in Frankfurt.
| Issuer: | KfW
|
| Issue: | Floating-rate notes
|
| Amount: | $250 million
|
| Maturity: | Sept. 22, 2014
|
| Bookrunner: | BNP Paribas Securities Corp.
|
| Coupon: | Federal Funds rate plus 7 bps
|
| Price: | Par
|
| Yield: | Federal Funds rate plus 7 bps
|
| Call: | Non-callable
|
| Trade date: | Aug. 23
|
| Settlement date: | Aug. 28
|
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