By Cristal Cody
Eureka Springs, Ark., Oct. 12 – KfW (Aaa/AAA/AAA) sold $5 billion of 1.25% three-year global notes on Wednesday at 99.859 to yield mid-swaps plus 13 basis points, according to a market source and an FWP filing with the Securities and Exchange Commission.
The notes due Sept. 30, 2019 were talked to price in the mid-swaps plus 15 bps area.
Barclays, BofA Merrill Lynch and Citigroup Global Markets Inc. were the bookrunners.
The notes are guaranteed by the Federal Republic of Germany.
KfW is a government-backed bank based in Frankfurt.
| Issuer: | KfW
|
| Guarantor: | Federal Republic of Germany
|
| Amount: | $5 billion
|
| Maturity: | Sept. 30, 2019
|
| Securities: | Global notes
|
| Bookrunners: | Barclays, BofA Merrill Lynch, Citigroup Global Markets Inc.
|
| Coupon: | 1.25%
|
| Price: | 99.859
|
| Spread: | Mid-swaps plus 13 bps, Treasuries plus 26.35 bps
|
| Pricing date: | Oct. 12
|
| Settlement date: | Oct. 19
|
| Ratings: | Moody’s: Aaa
|
| S&P: AAA
|
| Distribution: | SEC registered
|
| Price guidance: | Mid-swaps plus 15 bps area
|
| Listing: | Luxembourg Stock Exchange
|
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