KfW markets new three-year notes with initial price talk at mid-swaps plus 4 bps area

By Cristal Cody

Tupelo, Miss., Feb. 20 – KfW (Aaa/AAA/AAA) plans to sell three-year global notes on Wednesday, according to a market source.

The notes due Feb. 15, 2022 were initially talked to price with a spread in the mid-swaps plus 4 basis points area.

Citigroup Global Markets Inc., RBC Capital Markets, LLC and TD Securities (USA) LLC are the lead managers.

KfW is a German government-backed bank based in Frankfurt.

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