By Aleesia Forni
New York, Jan. 5 – KfW sold $5 billion of 1.5% three-year global notes (Aaa/AAA/AAA) on Tuesday at 99.749, according to an FWP filed with the Securities and Exchange Commission.
Price talk was set in the mid-swaps plus 22 basis points area.
Bookrunners are Barclays, Morgan Stanley & Co. and RBC Capital Markets LLC.
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: | $5 billion
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| Description: | Global notes
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| Maturity: | Feb. 6, 2019
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| Bookrunners: | Barclays, Morgan Stanley & Co., RBC Capital Markets LLC
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| Coupon: | 1.5%
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| Price: | 99.749
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| Trade date: | Jan. 5
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| Settlement date: | Jan. 12
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| Ratings: | Moody’s: Aaa
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| Standard & Poor’s: AAA
|
| Fitch: AAA
|
| Distribution: | SEC registered
|
| Price guidance: | Mid-swaps plus 22 bps area
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