KfW

15 Mar 2013

Guarantor: Federal Republic of GermanyRating: Aaa/AAA/AAAAmount: $2bn Reg SMaturity: 15 May 2015Issue/re-offer price: 99.98Coupon: 0.375%Spread at re-offer: mid-swaps less 3bpLaunch date: Monday 11 MarchPayment date: 18 MarchJoint books: Credit Suisse, Nomura, Natixis

Market appraisal:

"...this was a disappointing trade. Being a non-benchmark, they didn’t want to make a song and ...

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