By Aleesia Forni
Virginia Beach, June 9 – KfW priced on Tuesday a $4 billion issue of 1.875% five-year global notes (Aaa/AAA/AAA) at mid-swaps plus 3 basis points, according to a market source and a FWP filed with the Securities and Exchange Commission.
The notes sold in line with talk.
Pricing was at 99.856.
The bookrunners are Goldman Sachs & Co., J.P. Morgan Securities LLC and TD Securities.
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: | $4 billion
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| Description: | Global notes
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| Maturity: | June 30, 2020
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| Bookrunners: | Goldman Sachs & Co., J.P. Morgan Securities LLC, TD Securities
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| Coupon: | 1.875%
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| Price: | 99.856
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| Spread: | Mid-swaps plus 3 bps
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| Trade date: | June 9
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| Settlement date: | June 16
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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 guidance: | Mid-swaps plus 3 bps area
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