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Published on 8/16/2022 in the Prospect News Investment Grade Daily.

New Issue: KfW prices $3 billion 3.375% global notes due 2024 at 99.941

By William Gullotti

Buffalo, N.Y., Aug. 16 – KfW priced $3 billion of 3.375% two-year global notes (Aaa/AAA/Scope: AAA) at 99.941 on Tuesday, according to a FWP filed with the Securities and Exchange Commission.

The notes will be guaranteed by the Federal Republic of Germany.

Deutsche Bank, JPMorgan and RBC Capital Markets are the managers for the offering.

The notes will be listed on the Luxembourg Exchange.

KfW is a government-backed bank based in Frankfurt.

Issuer:KfW
Guarantor:Federal Republic of Germany
Amount:$3 billion
Issue:Global notes
Maturity:Aug. 23, 2024
Managers:Deutsche Bank, JPMorgan and RBC Capital Markets
Coupon:3.375%
Price:99.941
Pricing date:Aug. 16
Settlement date:Aug. 23
Ratings:Moody’s: Aaa
S&P: AAA
Scope: AAA
Distribution:SEC registered
Cusip:500769JV7
ISIN:US500769JV79

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