KfW Prints BRL Trade

German government-owned development bank KfW has sold a new BRL125m ($73m) 3-year bond Thursday, pricing it at 101.005 with a 7.500% coupon to yield 7.116%. The bonds are denominated in BRL but are settled in euros. The bond matures on March 12 2015 and is governed under German law. JP Morgan acted as sole lead on the transaction, rated Aaa/AAA/AAA.