Published on 5/18/2016 in the Prospect News Investment Grade Daily.
New Issue: KfW prices $5 billion 1.5% five-year global notes at 99.767
By Cristal Cody
Eureka Springs, Ark., May 18 – KfW sold $5 billion of 1.5% five-year global notes (Aaa/AAA) at 99.767 on Wednesday, according to an FWP filing with the Securities and Exchange Commission.
Deutsche Bank Securities Inc., HSBC Securities (USA) Inc. and J.P. Morgan Securities plc were the managers.
The German government-owned development bank is based in Frankfurt.
| Issuer: | KfW
|
| Guarantor: | Federal Republic of Germany
|
| Amount: | $5 billion
|
| Maturity: | June 15, 2021
|
| Securities: | Global notes
|
| Bookrunners: | Deutsche Bank Securities Inc., HSBC Securities (USA) Inc., J.P. Morgan Securities plc
|
| Coupon: | 1.5%
|
| Price: | 99.767
|
| Pricing date: | May 18
|
| Settlement date: | May 25
|
| Ratings: | Moody’s: Aaa
|
| S&P: AAA
|
| Distribution: | SEC registered
|
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