KfW Prices $750 Million Tap Of Floating Rate Note Maturing 2014
March 15 2012 - 12:44PM
Dow Jones News
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