The Euro Benchmark II/2009 matures on 25 February 2014 and pays a coupon of 3.125% p.a. Its reoffer price is 99.754 (yield 3.179%), corresponding to a yield pick-up of 111.4 bp over the Bundesobligation which matures in October 2013. The lead managers for the transaction are Citi, Deutsche Bank and UBS Investment Bank. The bond has received the same top-notch triple-A rating from Fitch Ratings, Moody's and Standard & Poor's as all KfW bonds.
The order book was closed early on Wednesday morning, with EUR 6.2 billion subscribed and about 380 individual orders received. The issue was reoffered at mid swaps +45 to +50; but owing to the strong demand the issue was closed at mid swaps +47.
The breakdown of the order book by sector is as follows:
Breakdown by investor type:Banks: 42 %
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.
Term Sheet KfW Euro Benchmark II/2009
EUR 5 bn - 3.125 % - 2009/2014
ISIN: DE000A0XXM38Issuer: KfW Guarantor: Federal Republic of Germany Rating: AAA (Fitch Ratings) / Aaa (Moody's) / AAA (Standard & Poor's)
Nathalie Drücke | presseportal
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