By Cristal Cody
Tupelo, Miss., April 5 – KfW priced $4 billion of 2.125% global notes due June 15, 2022 (Aaa/AAA) on Wednesday at 99.885 and a spread of Treasuries plus 27.05 basis points, according to a market source and an FWP filing with the Securities and Exchange Commission.
The benchmark dollar notes were talked to price at the mid-swaps plus 15 bps area.
Barclays, HSBC Bank plc and J.P. Morgan Securities plc were the lead managers.
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: | $4 billion
|
| Description: | Global notes
|
| Maturity: | June 15, 2022
|
| Bookrunners: | Barclays, HSBC Bank plc and J.P. Morgan Securities plc
|
| Coupon: | 2.125%
|
| Price: | 99.885
|
| Spread: | Treasuries plus 27.05 bps
|
| Trade date: | April 5
|
| Settlement date: | April 12
|
| Ratings: | Moody’s: Aaa
|
| S&P: AAA
|
| Distribution: | SEC registered
|
| Price guidance: | Mid-swaps plus 15 bps area
|
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