By Aleesia Forni
Virginia Beach, Feb. 19 - KfW priced on Wednesday a $4 billion issue of 0.75% three-year notes (Aaa/AAA/AAA) at 99.837, or mid-swaps plus 1 basis point, according to an informed source and an FWP filed with the Securities and Exchange Commission.
The notes priced tighter than the mid-swaps plus 3 bps talk.
Deutsche Bank Securities Inc., Nomura Securities Co. Ltd. and TD Securities were the joint bookrunners.
The German government-owned development bank is based in Frankfurt.
| Issuer: | KfW
|
| Guarantor: | Federal Republic of Germany
|
| Amount: | $4 billion
|
| Description: | Notes
|
| Maturity: | March 17, 2017
|
| Bookrunners: | Deutsche Bank Securities Inc., Nomura Securities Co. Ltd., TD Securities
|
| Coupon: | 0.75%
|
| Price: | 99.837
|
| Spread: | Mid-swaps plus 1 bp
|
| Trade date: | Feb. 19
|
| Settlement date: | Feb. 26
|
| Ratings: | Moody's: Aaa
|
| Standard & Poor's: AAA
|
| Fitch: AAA
|
| Price talk: | Mid-swaps plus 3 bps
|
| Distribution: | SEC registered
|
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