Forum for Science, Industry and Business

Sponsored by:     3M 
Search our Site:

 

KfW launches second Global of its USD-Programme in 2009

04.02.2009
Frankfurt (ots) - KfW launched its second USD Global in 2009 on Tuesday evening. The issue has a maturity of two years, a volume of 2 bn USD and was sold to over 70 institutional investors worldwide.

The USD II/2009 with a settlement on February 10th 2009 matures on March 15th 2011. With a coupon of 1.875% and a reoffer price of 99.886% it yields 1.931% s.a. This corresponds to a yield pick-up of 100.75 basis points over the current 2-year US Treasury maturing in January 2011.

The bond will have an AAA/Aaa/AAA rating from Fitch Ratings, Moody's and Standard & Poor's. The transaction was lead managed by Goldman Sachs, Merrill Lynch and Royal Bank of Canada CM.

The breakdown of the order book by sectors is as follows:

Breakdown by investor type:
Central Banks: 50 %
Banks: 31 %
Funds: 18 %
Others: 1 %
Geographical Breakdown:
Americas: 33 %
Europe: 30 %
Asia: 28 %
Middle East: 3 %
Others: 6 %
KfW has announced refinancing needs of EUR 75 bn for 2009. The Benchmark Programmes in EUR and USD will presumably again account for the main share of the funds raised.
Term Sheet KfW USD Il/2009
USD 2 bn - 1.875% - 2009/2011
Issuer: KfW (Kreditanstalt für Wiederaufbau)
Guarantor: Federal Republic of Germany
Rating: AAA (Fitch Ratings)/Aaa (Moody's)/AAA (Standard & Poor's)
Size: USD 2.000.000.000
Maturity Date: 10th February 2009 - 15th March 2011
Coupon: 1.875% p.a., semi-annual coupon, short first coupon Payment
Dates: 15th March and September, first coupon 15th March, 2009
Re-offer-Price: 99.886%
Yield: 1.931% semi-annually
Format: Global
Stock Market Listing: Luxembourg
Lead Managers (3):
Goldman Sachs
Merrill Lynch Royal
Bank of Canada CM
Co-Lead Managers (10):
Barclays Capital
BNP Paribas
Citi
Credit Suisse
HSBC
JP Morgan
Morgan Stanley
Nomura
Royal Bank of Scotland
UBS
This press release is not an offer of securities for sale in the United States. Securities may not be offered or sold in the United States absent registration or an exemption from registration. KfW has registered the securities that are the subject of this press release for sale in the United States. The offering of the securities in the United States will be made by means of a prospectus that may be obtained from KfW and will contain detailed information about KfW and its management, financial statements and information about the Federal Republic of Germany.

Nathalie Drücke | presseportal
Further information:
http://www.kfw.de

More articles from Business and Finance:

nachricht How Strong Brands Translate into Money
15.11.2016 | Kühne Logistics University - Wissenschaftliche Hochschule für Logistik und Unternehmensführung

nachricht Demographic change depresses tax revenues
04.11.2016 | Fraunhofer-Institut für Angewandte Informationstechnik FIT

All articles from Business and Finance >>>

The most recent press releases about innovation >>>

Die letzten 5 Focus-News des innovations-reports im Überblick:

Im Focus: Traffic jam in empty space

New success for Konstanz physicists in studying the quantum vacuum

An important step towards a completely new experimental access to quantum physics has been made at University of Konstanz. The team of scientists headed by...

Im Focus: How gut bacteria can make us ill

HZI researchers decipher infection mechanisms of Yersinia and immune responses of the host

Yersiniae cause severe intestinal infections. Studies using Yersinia pseudotuberculosis as a model organism aim to elucidate the infection mechanisms of these...

Im Focus: Interfacial Superconductivity: Magnetic and superconducting order revealed simultaneously

Researchers from the University of Hamburg in Germany, in collaboration with colleagues from the University of Aarhus in Denmark, have synthesized a new superconducting material by growing a few layers of an antiferromagnetic transition-metal chalcogenide on a bismuth-based topological insulator, both being non-superconducting materials.

While superconductivity and magnetism are generally believed to be mutually exclusive, surprisingly, in this new material, superconducting correlations...

Im Focus: Studying fundamental particles in materials

Laser-driving of semimetals allows creating novel quasiparticle states within condensed matter systems and switching between different states on ultrafast time scales

Studying properties of fundamental particles in condensed matter systems is a promising approach to quantum field theory. Quasiparticles offer the opportunity...

Im Focus: Designing Architecture with Solar Building Envelopes

Among the general public, solar thermal energy is currently associated with dark blue, rectangular collectors on building roofs. Technologies are needed for aesthetically high quality architecture which offer the architect more room for manoeuvre when it comes to low- and plus-energy buildings. With the “ArKol” project, researchers at Fraunhofer ISE together with partners are currently developing two façade collectors for solar thermal energy generation, which permit a high degree of design flexibility: a strip collector for opaque façade sections and a solar thermal blind for transparent sections. The current state of the two developments will be presented at the BAU 2017 trade fair.

As part of the “ArKol – development of architecturally highly integrated façade collectors with heat pipes” project, Fraunhofer ISE together with its partners...

All Focus news of the innovation-report >>>

Anzeige

Anzeige

Event News

Sustainable Water use in Agriculture in Eastern Europe and Central Asia

19.01.2017 | Event News

12V, 48V, high-voltage – trends in E/E automotive architecture

10.01.2017 | Event News

2nd Conference on Non-Textual Information on 10 and 11 May 2017 in Hannover

09.01.2017 | Event News

 
Latest News

Helmholtz International Fellow Award for Sarah Amalia Teichmann

20.01.2017 | Awards Funding

An innovative high-performance material: biofibers made from green lacewing silk

20.01.2017 | Materials Sciences

Ion treatments for cardiac arrhythmia — Non-invasive alternative to catheter-based surgery

20.01.2017 | Life Sciences

VideoLinks
B2B-VideoLinks
More VideoLinks >>>