KfW launches, prices A$200 mln 2012 bond increase
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SYDNEY, Nov 26 (Reuters) - German state-owned development bank KfW [KFW.UL] has launched and priced a A$200 million ($177 million) increase of its January 2012 bonds, lead manager TD Securities said on Monday.
KfW's bonds are guaranteed by the Federal Republic of Germany.
The deal details are as follows:
Issuer: KfW
Facility: Domestic fixed rate Kangaroo bonds increase
Amount issued: A$200 million
Total on issue: A$1 billion
Maturity: Jan. 30, 2012
Set date: Dec. 6
Coupon: 6.25%
Yield: 7.2501%
Margin: +95 bps over ACGB April 2012
Issue price: 96.459 (gross)+2.191 (interest)
Lead(s): TD Securities
Issuer rating: AAA (S&P), Aaa (Moody's), AAA (Fitch) ($1=A$1.13) (Reporting by Cecile Lefort)
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