By Rebecca Melvin
New York, May 31 - KfW priced C$500 million of 1.625% three-year global notes on Thursday at 99.878, according to an FWP filing with the Securities and Exchange Commission.
The notes (Aaa/AAA/AAA) are guaranteed by the Federal Republic of Germany.
HSBC Securities Inc. and TD Securities Inc. were the lead managers, and BMO Capital Markets Corp., CIBC World Markets Inc., RBC Capital Markets Corp. and Scotia Capital Inc. were the co-lead managers.
The notes will be listed on the Luxembourg Stock Exchange.
The German government-owned development bank is based in Frankfurt.
| Issuer: | KfW
|
| Guarantor: | Federal Republic of Germany
|
| Issue: | Global notes
|
| Amount: | C$500 million
|
| Maturity: | June 8, 2015
|
| Bookrunners: | HSBC Securities Inc. and TD Securities Inc. (lead managers); BMO Capital Markets Corp., CIBC World Markets Inc., RBC Capital Markets Corp. and Scotia Capital Inc. (co-lead managers)
|
| Coupon: | 1.625%
|
| Price: | 99.878
|
| Distribution: | Registered
|
| Pricing date: | May 31
|
| Settlement date: | June 8
|
| Ratings: | Moody's: Aaa
|
| Standard & Poor's: AAA
|
| Fitch: AAA
|
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