By Cristal Cody
Tupelo, Miss., Feb. 7 – KfW sold $1 billion of 1.25% global notes (Aaa/AAA) due Sept. 13, 2018 at 99.859 and a spread of 17.45 basis points over Treasuries on Tuesday, according to a market source and an FWP filing with the Securities and Exchange Commission.
Barclays, Citigroup Global Markets Inc. and Morgan Stanley & Co. LLC were the managers.
The issue is guaranteed by the Federal Republic of Germany.
KfW is a government-backed bank based in Frankfurt.
| Issuer: | KfW
|
| Guarantor: | Federal Republic of Germany
|
| Amount: | $1 billion
|
| Description: | Global notes
|
| Maturity: | Sept. 13, 2018
|
| Bookrunners: | Barclays, Citigroup Global Markets Inc., Morgan Stanley & Co. LLC
|
| Coupon: | 1.25%
|
| Price: | 99.859
|
| Spread: | Treasuries plus 17.45 bps
|
| Trade date: | Feb. 7
|
| Settlement date: | Feb. 14
|
| Ratings: | Moody’s: Aaa
|
| S&P: AAA
|
| Distribution: | SEC registered
|
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