By Devika Patel
Knoxville, Tenn., March 27 – KfW (Aaa/AAA//Scope: AAA) priced $4 billion of 2.625% three-year global notes on Tuesday at 99.87, according to an FWP filed with the Securities and Exchange Commission.
Citigroup Global Markets Inc., Nomura Securities International, Inc. and RBC Capital Markets, LLC were the lead managers.
The notes were initially talked to price with a spread in the mid-swaps plus 1 basis point area.
KfW is a government-backed bank based in Frankfurt. The notes will be guaranteed by the Federal Republic of Germany.
Issuer: | KfW
|
Guarantor: | Federal Republic of Germany
|
Description: | Global notes
|
Amount: | $4 billion
|
Maturity: | April 12, 2021
|
Bookrunners: | Citigroup Global Markets Inc., Nomura Securities International, Inc. and RBC Capital Markets, LLC
|
Stabilization manager: | Citigroup Global Markets Inc.
|
Coupon: | 2.625%
|
Price: | 99.87
|
Trade date: | March 27
|
Settlement date: | April 5
|
Ratings: | Moody’s: Aaa
|
| S&P: AAA
|
| Scope: AAA
|
Distribution: | SEC registered
|
Price talk: | Mid-swaps plus 1 bp area
|
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.