CREDIT AGRICOLE : KfW Prices EUR1 Billion Floating-Rate Note Maturing 2016

State-owned German development bank KfW priced a EUR1 billion, four-year, floating-rate note, one of the banks running the deal said Tuesday.

Credit Agricole SA, Commerzbank AG, and DZ Bank are the lead managers on the sale, which has the following terms:

 
Amount:           EUR1 billion 
Maturity:         Feb. 1, 2016 
Coupon:           2 basis points under the three-month Euribor 
Reoffer Price:    100 
Payment Date:     Feb. 1, 2012 
Spread:           2 basis points under the three-month Euribor 
Debt Ratings:     Aaa (Moody's) 
                  AAA (Standard & Poor's) 
                  AAA (Fitch) 
Listing:          Frankfurt 
 

-By Ben Edwards, Dow Jones Newswires; 44-20-7842-9287; ben.edwards@dowjones.com