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Published on 10/23/2007 in the Prospect News Investment Grade Daily.

New Issue: KfW sells $250 million 4.75% two-year callable notes

By Laura Lutz

Des Moines, Oct. 23 - KfW priced $250 million of 4.75% two-year callable notes on Tuesday, according to a 424B3 filing with the Securities and Exchange Commission.

The price of the notes to the public is variable.

Interest will be payable semiannually, beginning on April 29, 2008.

The notes will be redeemable at par on April 29, 2008.

Merrill Lynch & Co. is the underwriter.

KfW is a government-owned financial institution based in Frankfurt.

Issuer:KfW
Issue:Callable notes
Face amount:$250 million
Maturity:Oct. 29, 2009
Underwriter:Merrill Lynch & Co.
Coupon:4.75%
Price:Variable
Call:At par on April 29, 2008
Trade date:Oct. 23
Settlement date:Oct. 29

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