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Commentary & Deal Flow

LAUNCHED: Kreditanstalt fuer Wiederaufbau £600m 6yr Sr Unsec; SONIA MS+33bp

IGC European Market: Deal Flow - SSA

Issuer

Term

Maturity

Size

Ranking

Type

Spread Set

Kreditanstalt fuer Wiederaufbau

6yr

01-Jun-32

£600m

Sr Unsec

Fixed

SONIA MS+33


Launched: 6yr: £600m @ SONIA MS+33bp - Books closed at £850m (excl. JLM)


  • Issuer: Kreditanstalt fuer Wiederaufbau (KFW)
  • Ratings: Aaa/AAA/AAA (Moody's/S&P/Fitch)
  • Format: Reg S, bearer
  • Size: £600m
  • Maturity: 01-Jun-32
  • Spread: SONIA MS+33
  • Reference Gilt: ~UKT 4.25% 07-Jun-32 (MID) +6
  • Coupon: Annual, act/act, short first
  • Settlement: 12-Jun-26
  • Denominations: £1,000 x £1,000
  • Bookrunners: BofA, MS (B&D), RBCCM
  • Target Market: Eligible counterparties and professional clients only (all distribution channels)