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KfW launches $5 billion five-year global notes at mid-swaps minus 1 bp
By Aleesia Forni
Virginia Beach, March 26 – KfW (Aaa/AAA/) launched on Tuesday a $5 billion offering of five-year global notes at mid-swaps minus 1 basis point, according to a market source.
The notes were guided in the mid-swaps flat area.
The bookrunners are BofA Merrill Lynch, Goldman Sachs & Co. and Morgan Stanley & Co. LLC.
The German government-owned development bank is based in Frankfurt.
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