By Aleesia Forni
Virginia Beach, Oct. 20 – KfW priced $4 billion of 1.125% three-year global notes (Aaa/AAA/AAA) at mid-swaps plus 17 basis points on Tuesday, according to a market source and an FWP filed with the Securities and Exchange Commission.
Pricing was at 99.865 with a spread of 25.2 bps over Treasuries.
The issue sold at the tight end of the mid-swaps plus 19 bps area talk.
The bookrunners are BofA Merrill Lynch, BNP Paribas Securities Corp. and Goldman Sachs & Co.
The German government-owned development bank is based in Frankfurt.
| Issuer: | KfW
|
| Guarantor: | Federal Republic of Germany
|
| Amount: | $4 billion
|
| Description: | Global notes
|
| Maturity: | Nov. 16, 2018
|
| Bookrunners: | BofA Merrill Lynch, BNP Paribas Securities Corp., Goldman Sachs & Co.
|
| Coupon: | 1.125%
|
| Price: | 99.865
|
| Spread: | Mid-swaps plus 17 bps, Treasuries plus 25.2 bps
|
| Trade date: | Oct. 20
|
| Settlement date: | Oct. 27
|
| Ratings: | Moody’s: Aaa
|
| Standard & Poor’s: AAA
|
| Fitch: AAA
|
| Distribution: | SEC registered
|
| Price guidance: | Mid-swaps plus 19 bps area
|
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