By Aleesia Forni
Virginia Beach, March 3 – KfW priced $1 billion of 0.5% global notes (Aaa/AAA/AAA) due Sept. 15, 2016 at mid-swaps minus 12 basis points, according to an informed source and a FWP filed with the Securities and Exchange Commission.
The notes sold in line with talk set in the mid-swaps minus 12 bps area.
Pricing was at 99.845.
The bookrunners were Goldman Sachs and Morgan Stanley.
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: | Global notes
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| Maturity: | Sept. 15, 2016
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| Bookrunners: | Goldman Sachs, Morgan Stanley
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| Coupon: | 0.5%
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| Price: | 99.845
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| Spread: | Mid-swaps minus 12 bps
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| Trade date: | March 3
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| Settlement date: | March 10
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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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| Distribution: | SEC-registered
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| Price talk: | Mid-swaps minus 12 bps area
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