By Aleesia Forni
Virginia Beach, May 20 - KfW priced $6 billion of 0.5% two-year global notes (Aaa/AAA/AAA) at 99.97 with a spread of mid-swaps minus 3 basis points on Tuesday, according to an informed source and an FWP filed with the Securities and Exchange Commission.
The deal was upsized from $5 billion.
The notes were talked in the mid-swaps minus 1 bp area.
BNP Paribas, Credit Suisse and RBC Capital Markets LLC were the joint bookrunners.
The German government-owned development bank is based in Frankfurt.
| Issuer: | KfW
|
| Amount: | $6 billion, upsized from $5 billion
|
| Description: | Global notes
|
| Maturity: | July 15, 2016
|
| Bookrunners: | BNP Paribas, Credit Suisse, RBC Capital Markets LLC
|
| Coupon: | 0.5%
|
| Price: | 99.97
|
| Spread: | Mid-swaps minus 3 bps
|
| Trade date: | May 20
|
| Settlement date: | May 28
|
| Ratings: | Moody's: Aaa
|
| Standard & Poor's: AAA
|
| Fitch: AAA
|
| Distribution: | SEC registered
|
| Price talk: | Mid-swaps minus 1 bp area
|
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