By Lisa Kerner
Charlotte, N.C., July 12 – KfW priced $5 billion of 1% three-year global notes at 99.969 on Tuesday, according to an FWP filed with the Securities and Exchange Commission.
The notes were talked at mid-swaps plus 11 bps, a news release stated.
Deutsche Bank AG, London Branch is the lead manager, and JPMorgan London and TD Securities (USA) LLC are managers.
Settlement is expected to occur on July 19.
The German government-owned development bank is based in Frankfurt.
| Issuer: | KfW
|
| Guarantor: | Federal Republic of Germany
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| Amount: | $5 billion
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| Description: | Global notes
|
| Maturity: | July 15, 2019
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| Managers: | Deutsche Bank AG, London Branch (lead), JPMorgan London, TD Securities (USA) LLC
|
| Coupon: | 1%
|
| Price: | 99.969
|
| Trade date: | July 12
|
| Settlement date: | July 19
|
| Ratings: | Moody’s: Aaa
|
| S&P: AAA
|
| Scope: AAA
|
| Distribution: | SEC registered
|
| Price guidance: | Mid-swaps plus 11 bps
|
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