By Reshmi Basu
New York, Aug. 10 - German development bank KfW tapped the Mexican peso market Wednesday to issue 500 million pesos of four-year bonds, according to a market source.
The issue priced at 100.225 to yield 9.69%.
RBC Capital Markets was the lead manager of the transaction.
The bank is located in Frankfurt, Germany.
| Issuer: | KfW Entwicklungsbank (KfW development bank)
|
| Amount: | 500 million pesos
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| Maturity: | Aug. 26, 2009
|
| Coupon: | 9¼%
|
| Issue price: | 100.225
|
| Yield: | 9.69%
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| Pricing date: | Aug. 10
|
| Settlement date: | Aug. 26
|
| Lead manager: | RBC Capital Markets
|
| Ratings: | Moody's: Aaa
|
| Standard & Poor's: AAA
|
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