By Aleesia Forni
Virginia Beach, July 9 – KfW detailed its $6 billion offering of 1.125% global notes due Aug. 6, 2018, which sold at mid-swaps plus 1 basis point on Wednesday, in a FWP filing with the Securities and Exchange Commission.
Pricing was at 99.82.
The notes (Aaa/AAA) were issued at the tight end of price talk set in the mid-swaps plus 2 bps area.
BofA Merrill Lynch, HSBC Securities and Morgan Stanley & Co. LLC were the bookrunners.
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: | $6 billion
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Description: | Global notes
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Maturity: | Aug. 6, 2018
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Bookrunners: | BofA Merrill Lynch, HSBC Securities, Morgan Stanley & Co. LLC
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Coupon: | 1.125%
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Price: | 99.82
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Spread: | Mid-swaps plus 1 bp
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Trade date: | July 8
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Settlement date: | July 15
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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 guidance: | Mid-swaps plus 2 bps area
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