By Devika Patel
Knoxville, Tenn., Sept. 30 – KfW (Aaa/AAA/AAA) priced €1 billion of 0% guaranteed green bonds due Sept. 15, 2028 at 103.672, according to a market announcement.
The notes were issued at a spread of DBR plus 20.3 basis points.
J.P Morgan, Credit Agricole CIB and Deutsche Bank AG were the stabilization managers.
KfW is a Frankfurt-based government-backed bank. The notes are guaranteed by the Federal Republic of Germany.
| Issuer: | KfW
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| Guarantor: | Federal Republic of Germany
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| Amount: | €1 billion
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| Description: | Green bonds
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| Maturity: | Sept. 15, 2028
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| Bookrunners: | J.P Morgan, Credit Agricole CIB and Deutsche Bank AG
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| Coupon: | 0%
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| Price: | 103.672
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| Spread: | DBR plus 20.3 bps
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| Call: | Non-callable
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| Pricing date: | Sept. 30
|
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