By Aleesia Forni
Virginia Beach, April 23 - KfW (Aaa/AAA/AAA) priced $1 billion of floating-rate notes due Oct. 30, 2015 at one-month Libor plus 1 basis point, according to an informed source and an FWP filing with the Securities and Exchange Commission.
The notes sold 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.
Issuer: | KfW
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Guarantor: | Federal Republic of Germany
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Amount: | $1 billion
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Description: | Notes
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Maturity: | Oct. 30, 2015
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Bookrunners: | HSBC Securities, Morgan Stanley & Co. LLC
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Coupon: | One-month Libor plus 1 bp
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Price: | Par
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Yield: | One-month Libor plus 1 bp
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Trade date: | April 23
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Settlement date: | April 30
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Ratings: | Moody's: Aaa
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| Standard & Poor's: AAA
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| Fitch: AAA
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Price talk: | One-month Libor plus 1 bp area
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Distribution: | SEC-registered
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