By Cristal Cody
Tupelo, Miss., Feb. 28 – KfW priced $4 billion of 1.75% three-year global notes (Aaa/AAA/AAA) on Tuesday at 99.993 with a spread of Treasuries plus 31.5 basis points, according to a market source and an FWP filing with the Securities and Exchange Commission.
The notes will be guaranteed by the Federal Republic of Germany.
Citigroup Global Markets Inc., Morgan Stanley & Co. LLC and Nomura International plc were the managers.
KfW is a government-backed bank based in Frankfurt.
| Issuer: | KfW
|
| Guarantor: | Federal Republic of Germany
|
| Amount: | $4 billion
|
| Description: | Global notes
|
| Maturity: | March 31, 2020
|
| Bookrunners: | Citigroup Global Markets Inc., Morgan Stanley & Co. LLC and Nomura International plc
|
| Coupon: | 1.75%
|
| Price: | 99.993
|
| Spread: | Treasuries plus 31.5 bps
|
| Trade date: | Feb. 28
|
| Settlement date: | March 7
|
| Ratings: | Moody’s: Aaa
|
| S&P: AAA
|
| Fitch: AAA
|
| Distribution: | SEC registered
|
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