KfW launches $1 billion floaters due 2015 at one-month Libor plus 1 bp

By Aleesia Forni

Virginia Beach, April 23 - KfW (Aaa/AAA) launched $1 billion of floating-rate notes due Oct. 30, 2015 at one-month Libor plus 1 basis point, according to an informed source.

The notes launched in line with talk, which was set in the area of one-month Libor plus 1 bp.

HSBC Securities and Morgan Stanley & Co. LLC are the joint bookrunners.

The German government-owned development bank is based in Frankfurt.

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