By Devika Patel
Knoxville, Tenn., Sept. 25 – KfW (Aaa/AAA/AAA) priced $200 million of 1.79% three-year green bonds at par, according to an FWP and 424B3 filed with the Securities and Exchange Commission.
The notes are non-callable.
J.P. Morgan Securities LLC was the bookrunner.
Proceeds will be used for the general business of KfW and will be allocated to its environmental investment program.
KfW is a Frankfurt-based government-backed bank.
| Issuer: | KfW
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| Amount: | $200 million
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| Description: | Green bonds
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| Maturity: | Sept. 28, 2020
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| Bookrunner: | J.P. Morgan Securities LLC
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| Coupon: | 1.79%
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| Price: | Par
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| Yield: | 1.79%
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| Call: | Non-callable
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| Pricing date: | Sept. 25
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| Settlement date: | Sept. 28
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