State-owned German development bank KfW has priced a $750 million tap of its floating-rate note maturing January 2014, one of the banks running the deal said Thursday.

That takes the total amount outstanding to $2 billion, the bank said.

Bank of America Merrill Lynch and BNP Paribas SA were the lead managers on the sale, which has the following terms:

 
Amount:           $750 million 
Maturity:         Jan. 17, 2014 
Coupon:           18 basis points over the three-month dollar Libor 
Reoffer Price:    100.3734 
Payment Date:     March 22, 2012 
Debt Ratings:     Aaa (Moody's) 
                  AAA (Standard & Poor's) 
                  AAA (Fitch) 
Denominations:    $1,000 
Listing:          Luxembourg

-By Ben Edwards, Dow Jones Newswires, 44 20 7842 9287;

ben.edwards@dowjones.com

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