KfW Hires Banks For Three-Year Dollar Bond

7th Jul 2010 08:21

LONDON (Dow Jones)--German development bank KfW, guaranteed by the Federal Republic of Germany, has mandated Barclays PLC, Morgan Stanley and Royal Bank of Scotland Group PLC as joint bookrunners of its three-year, global dollar bond issue, a spokeswoman said Wednesday. The issue, maturing July 15, 2013, is expected to be launched and priced in the near future, subject to market conditions. KfW is rated triple-A by Moody's Investors Service Inc., Standard & Poor's Corp., and Fitch Ratings. -by Mark Brown, Dow Jones Newswires; + 44 (0)207 842 9485, [email protected] (END) Dow Jones Newswires July 07, 2010 03:21 ET (07:21 GMT)