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SYDNEY, May 15 (Reuters) - German state-owned development
bank KfW [KFW.UL] has added A$400 million ($374 million) to a
three-year Kangaroo bond issue, a joint lead said.
The notes paid around 25 basis points under swap, a market
source said.
The deal details are as follows:
Issuer: KfW
Facility: Kangaroo fixed rate note increase
Documentation: Australian
Amount issued: A$400 million
Total on issue: A$1 billion
Maturity: Aug. 26, 2011
Set date: May 23
Coupon: 7.500%
Yield: 7.1950%
Margin: +88.25 bps over ACGB June 2011
Issue price: 102.649 including 1.793 in interest
Lead(s): TD Securities and RBC Capital Markets
Issuer rating: AAA (S&P), Aaa (Moody's), AAA (Fitch)
($1=A$1.07)
(Reporting by Cecile Lefort)
